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marc26

How much do you make rice farming?

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A post containing speculation about pricing has been removed.

 

Please answer the OP if you have firm information about pricing.

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Wife said that the price is B100000/ry. 

Firm enough?

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A parcel  of land for sale just around the corner from us ,been for sale a while now ,road frontage ,by far not the dearest parcel,in the area.   

RIMG1473.JPG

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Posted (edited)
4 hours ago, robblok said:

is that 1000/ry per year or per harvest or per month ? Just curious as land seems to be expensive. If its on a year base then it might even be better on the bank (maybe not)

Is 1000 bahts per year, but it's only if you are lucky

 

In the countryside there are no papers and contracts 

all is oral deals and often between family members

 

so if it's a ''bad'' year, i mean one with not enough water

or too much water (Flood) or if a storm kill your crop just before the harvest

(And with the climatic changes, all of this comes more often year after year)

the farmer don't have money from the harvest, and the governemnt helps

(When there is one) only cover the expenses to prepare the harvest (Fertilizer, fuel, seeds and so on)

 

then how can you, the ''rich'' foreign owner, can obtain the payement fo the

rent for your land?

 

With a 1% per year or return on investissment (The price of the rai is around 100 000 bahts and you rent it for 1000 bahts per year ) that you are not even

sure to have on a regular basis (For the reason i explain above) It's a realy bad investisment 

 

Keep the money on a fixed account and you have the same ROI with your 

money available at anytime. 

Edited by kingofthemountain
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15 hours ago, robblok said:

Just so you know most farmers make almost no money.

I wonder how many Thai farmers actually know how much money they make.

How many keep records of payments, work, and income? How many calculate cost of cars, machines, etc.?

It seems lots of farmers "think" they make a lot of money when they just sold the harvest. And the next time they have to buy for the next season they are reminded that they didn't actually make so much money and/or they spent that money already for "luxury" goods like the new mobile phone and TV.

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3 minutes ago, kingofthemountain said:

Is 1000 bahts per year, but it's only if you are lucky

in the countryside there is no papers and contracts 

all is oral deals and often between family members

so if it's a ''bad'' year, i mean one with not enough water

or too much water (Flood) or if a storm kill your crop just before the harvest

(And with the climatic changes, all of this comes more often year after year)

the farmer don't have money from done with the harvest, and the governemnt helps

(When there is one) only cover the expenses to prepare the harvest (Fertilizer, fuel, seeds and so on)

then how can you, the ''rich'' foreign owner, can obtain the payement fo the

rent for your land? With a 1% or return on invstissment that you are not even

sur to have on a regular basis (For the reason i explain above) It's a realy bad investisment 

That basically was my point.

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5 minutes ago, robblok said:

That basically was my point.

 

Yes, to keep the money in a bank on a fixed account is a better solution imo

atleast you are sure to have the same ROI with your money in your name

and the funds are available at anytime. 

It's near to impossible actually to sale a ricefield

and forget to do a profit on it

too much sellers, very few buyers

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More important than anything is that any land you consider buying has a transferable  Chanote.

 

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11 hours ago, kickstart said:

How do you work that one out ,as the OP said the land can provide 3 crops a year ,considering in Issan one crop is normal  and that will be a low yielding one at that .

Wife s son-in-law is a rice farmer near us he rents his 15 rie , 1200 baht/year how he makes money I do not know, land is worth about 200-250 000/rie .

So ,in Supan with 3 crops a year rental income would be a lot more 

The op said the land is in Supan his wife is from Singburi ,the next Provence to us ,we are in Lopburi ,around our area  no end of land  is rented and the owners live in Bangkok no agriculture connections,  I would say a very high percentage of landowners are very absentee landowners quite happy to let the land increase in value  ,while getting some rental income.

Not many blocks come up for sale ,if they do it is for a silly price they will not get .

I would say it would be a good investment , land is a long term investment,  if  that money was in the bank what  interest would it earn.

The OP could fill the land up with Teak or Eucalyptus trees  long term investment, get someone in  to manage the land and harvest the crop .     

The village is actually Doem Bang, about 20mins from Singburi.

It still doesn't sound like it would be worth the hassle leasing the land, collecting payment.

Fortunately we wouldn't need the income from it, so it isn't something we need the money from.

 

Now if we were able to buy a smaller plot of land, I wouldn't do anything on the land............but it's extremely hard to find land in the 5-6rai range

 

So if we end up buying a larger piece of land at the price I want, I wouldn't want it to go to waste.

We started to chat about growing fruit on it, possibly

 

Again, this is all just throwing ideas around.

 

Some good info by a lot of posters, I appreciate it..............

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