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Thread: Renting out land for rice farming

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Renting out land for rice farming

    So I highly doubt I would do this but we can buy land in my wife's village

    19 rai for 3million baht and likely get them down a bit

    I told her we have no use for 19rai, she said we could rent it to people to farm rice

    So what is the return on something like that? Just curious

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    If the village is in Samut Prakan, jump at the opportunity! Because you will be selling it in a few years to a project developer...

    For the rest, land does not have a set price.. The value depends on many factors and good land will be sold to family or within the moo baan, not to outsiders.

    Renting out land is a risk, because the renters usually do not want to invest in keeping the soil good, but rather grow cash crops without caring about what is left of the land after...
    Zablive likes this.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by RakThai View Post
    If the village is in Samut Prakan, jump at the opportunity! Because you will be selling it in a few years to a project developer...

    For the rest, land does not have a set price.. The value depends on many factors and good land will be sold to family or within the moo baan, not to outsiders.

    Renting out land is a risk, because the renters usually do not want to invest in keeping the soil good, but rather grow cash crops without caring about what is left of the land after...
    This is not Samut Prakan........you ain't getting 1/2 rai for 3mil there! 555
    This is her dad's village in the Suphan Buri province
    Land in her area is very expensive
    The 1st time I went to the village...........my driver was commenting how "this country have good land"
    It's one of the most fertile areas, I have been told

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Quote Originally Posted by MarcTwoSix View Post
    This is not Samut Prakan........you ain't getting 1/2 rai for 3mil there! 555
    This is her dad's village in the Suphan Buri province
    Land in her area is very expensive
    The 1st time I went to the village...........my driver was commenting how "this country have good land"
    It's one of the most fertile areas, I have been told
    That is good land.. The area where "they can grow rice twice in one year.." as my GF used to say (she is from Lopburi, close but less fortunate..)
    water-wise, that area is fed by some canalized side streams of the Chao Praya river (what is the word, meanders?) which are adaptable in their intake of water which is near Sakon Nawan ,
    plus they receive water from streams from the mountain range in the west on the Myanmar-Thai border..

    So plenty of water from different estuaries without flooding or droughts.

    Your wife has family there, so can rent to family and known people..

    Price of land never goes down, only up..

    I guess if you have that kind of money just laying around, it could be a very profitable investment.. Not for the rent money, but for the increase in value...

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
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    A friend in CR use to take 60% of the yield from her land.
    FACE YOUR FEARS LIVE YOUR DREAMS

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Zablive's Avatar
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    Quote Originally Posted by Moo Uaon View Post
    A friend in CR use to take 60% of the yield from her land.
    Lots of luck if you're "renting" to the family 555!
    Political Correctness is a doctrine, fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end!

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by Zablive View Post
    Lots of luck if you're "renting" to the family 555!
    I personally wouldn't do that ......no way

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
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    Quote Originally Posted by Zablive View Post
    Lots of luck if you're "renting" to the family 555!
    cheque's in the mail?
    FACE YOUR FEARS LIVE YOUR DREAMS

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Ao is really keen on buying this land

    But I told her I'd be more happy to buy 5-7rai at a higher price per rai than have 19rai

    I just think all that land brings all sorts of headaches

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Stillearly's Avatar
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    Quote Originally Posted by MarcTwoSix View Post
    Ao is really keen on buying this land

    But I told her I'd be more happy to buy 5-7rai at a higher price per rai than have 19rai

    I just think all that land brings all sorts of headaches
    What sort of headaches ?

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by Stillearly View Post
    What sort of headaches ?
    Well a main one is none of her immediate family lives there so doesn't make much sense for a house.

    But even renting it out for farming we'd have to deal with payments

    Then a big thing is when Thai families know you have a lot of land they are always asking to "make small house on it"

    If they actually loved in the village I would have already bought a land and built a house.
    My wife's village is beautiful and I'd love to have a nice little get away place there

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by Stillearly View Post
    What sort of headaches ?
    Well a main one is none of her immediate family lives there so doesn't make much sense for a house.

    But even renting it out for farming we'd have to deal with payments

    Then a big thing is when Thai families know you have a lot of land they are always asking to "make small house on it"

    If they actually loved in the village I would have already bought a land and built a house.
    My wife's village is beautiful and I'd love to have a nice little get away place there

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    Quote Originally Posted by MarcTwoSix View Post
    Well a main one is none of her immediate family lives there so doesn't make much sense for a house.

    But even renting it out for farming we'd have to deal with payments

    Then a big thing is when Thai families know you have a lot of land they are always asking to "make small house on it"
    The only reason to buy farming land is for its capital gain.

    19 Rai for 3 million would be average farm land at best.

    Rent for farm land would be around 1000baht per Rai, per annum.

    Rent is normally paid in one lump sum per year, normally up front, although sometimes after harvest.

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    Quote Originally Posted by MarcTwoSix View Post
    Then a big thing is when Thai families know you have a lot of land they are always asking to "make small house on it"
    Unless the land has a chanote, this can be a big issue with Thailand's adverse possession laws.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by phaisan View Post
    The only reason to buy farming land is for its capital gain.

    19 Rai for 3 million would be average farm land at best.

    Rent for farm land would be around 1000baht per Rai, per annum.

    Rent is normally paid in one lump sum per year, normally up front, although sometimes after harvest.
    SuphanBuri is one of the best areas for rice, at least pretty prosperous

    But that doesn't mean this land is.
    I wouldn't have the 1st clue but there are big operations very close to the area my wife's family lives

    So if they didn't gobble it up at the supposed "discount" then that speaks volumes

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    One thing to look out for when buying rural land in Thailand is that some of it does not have access, except by foot. This is simply because it has not been needed as people walk to their fields to farm them. Some land is supposed to have "public" access but this can often depend on the goodwill of your neighbours.

    As somebody else mentioned, the other thing is the type of title deed. If the land has any of the "nor sor" categories of ownership but "a chanote will be issued next year, for sure", tell them to bugger off and you will buy it when it has a chanote.

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    Quote Originally Posted by Buksida View Post
    As somebody else mentioned, the other thing is the type of title deed. If the land has any of the "nor sor" categories of ownership but "a chanote will be issued next year, for sure", tell them to bugger off and you will buy it when it has a chanote.
    nothing wrong with Nor Sor Sam Gor land, anything less I agree with.

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    Quote Originally Posted by MarcTwoSix View Post
    SuphanBuri is one of the best areas for rice, at least pretty prosperous

    But that doesn't mean this land is.
    I wouldn't have the 1st clue but there are big operations very close to the area my wife's family lives

    So if they didn't gobble it up at the supposed "discount" then that speaks volumes
    unless there land is next to it the area means little.

    Best course of action is to speak with people whose land joins it and ask them about it. They will know if its good value.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Zablive's Avatar
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    Quote Originally Posted by phaisan View Post
    nothing wrong with Nor Sor Sam Gor land, anything less I agree with.
    You can't own any of it - you are just buying it for someone else (Thai).
    At least with chanote land You can own a house on it and execute a usufruct for 30 years on the land it sits on.
    Political Correctness is a doctrine, fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end!

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    Quote Originally Posted by Zablive View Post
    You can't own any of it - you are just buying it for someone else (Thai).
    At least with chanote land You can own a house on it and execute a usufruct for 30 years on the land it sits on.
    In case you missed it we are talking about a farm land, being bought by a Thai.

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