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After finishing her latest rice harvest, Sripai Kaeo-eam hurriedly cleared her fields and planted a new crop in late August — ignoring a Thai government advisory to restrict further sowing of the grain this year to conserve water. "This crop is our hope," said the 58-year-old farmer in Thailand's central Chai Nat province, pointing to her green paddy seedlings only a few inches tall. Sripai, who is trying to dig her way out of more than 200,000 Thai baht ($5,600) of debt, is motivated by the global spike in rice prices, which are close to their highest level in about 15...

In Nakhon Phanom, rice fields in yellow-gold are gone with the wind. Late in the year, farmers expect to reap the fruits of their labours only to be broken by substantial loss. Harsh winds damage some rice crops, resulting in everything from bills to unpaid tuition fees. Year in, year out, nothing changes.