Our attendance at the recent Sima-Asean Agribusiness trade show in Bangkok confirmed that the farmers really loved their late king – King Bhumibol Adulyadej now known as King Rama IX. At the exhibit booth of the farmers’ cooperative, the portrait of the late king was prominently displayed.
Of course it is easy to understand why. We personally know that King Rama IX in his long reign as monarch, had helped farmers cooperatives in a big way. For instance, the biggest dairy co-op in Thailand, the Nong Pho Dairy Cooperative, has been under Royal Patronage. The king himself had put up about half of the capitalization of the cooperative that had a revenue of 1.7 billion baht during our visit some five years ago. He received annual dividends but we were told that he gave that to the co-op for the scholarship of the farmers’ children as well as for research and development (R&D) and extension services.
Source: The reason why the Thais really loved their King » Manila Bulletin Newsbit