Rice production in Thailand represents a significant portion of the Thai economy. It uses over half of the farmable land area and labor force in Thailand. Thailand has a strong tradition of rice production. It has the fifth-largest amount of land under rice cultivation in the world and is the world's largest exporter of rice. Thailand has plans to further increase its land available for rice production, with a goal of adding 500,000 hectares to its already 9.2 million hectares of rice-growing areas. The Thai Ministry of Agriculture expects rice production to yield around 30 million tons of rice for 2008. The most produced strain of rice in Thailand is jasmine rice, which is a higher quality type of rice. However, jasmine has a significantly lower yield rate than other types of rice, but it also normally fetches more than double the price of other strains in a global market.
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