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What is a good rate to rent a hectare of land for, per year?


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#1 Paul

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Posted 04 June 2017 - 09:25 AM

Someone wants to rent us a hectare of land. The cost, $100 USD / year. Sound like a decent deal? This is farmland, to grow rice.


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#2 John_Galt

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Posted 04 June 2017 - 11:34 AM

Sounds like a good price. My wife used to rent her farm for 5000 BAHT to 8000 BAHT ($146 - $234 USD current exchange rate) per hectare depending on if they harvested once or twice per year. 


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#3 andy

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Posted 04 June 2017 - 01:24 PM

Sounds like a very good price Paul. 1000 sq meter per hectare. When I enquired before about the price to buy paddy land in the Provence, it was @ 3 dollar per meter. So the rental sounds very good. Would you just use it for grazing? How many years is the land available for you to rent?

 


My wife used to rent her farm for 5000 BAHT to 8000 BAHT
 

 

Did the farm have building's?


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#4 Paul

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Posted 04 June 2017 - 02:23 PM

1000 sq meter per hectare.

 
Missed a zero? 10,000 m2 per hectare. A damned good size piece of property.
 

Did the farm have building's?

 
No. It's just rice field.
 

Would you just use it for grazing? How many years is the land available for you to rent?

 

Not sure. May go with rice since it's ready for it now. We would have a 3 year lease with an option of another three years, at the end of the lease. We could make it for grazing after, though.


Edited by Paul, 04 June 2017 - 02:30 PM.

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#5 andy

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Posted 04 June 2017 - 02:33 PM


Missed a zero? 10,000 m2 per hectare

 

I certainly did. With land measurements in the UK we use Hectare and Acers. 2.471 acres to one Hectare.

 

The question was to John about the buildings. And does she still rent? Or is the land sold.


Edited by andy, 04 June 2017 - 02:40 PM.

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#6 andy

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Posted 04 June 2017 - 02:41 PM


We could make it for grazing after, though.

 

Surely you would use it for grazing after each harvest.



#7 John_Galt

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Posted 04 June 2017 - 02:42 PM

Sounds like a very good price Paul. 1000 sq meter per hectare. When I enquired before about the price to buy paddy land in the Provence, it was @ 3 dollar per meter. So the rental sounds very good. Would you just use it for grazing? How many years is the land available for you to rent?

 

 

 

 

 

Did the farm have building's?

No buildings just land with easy water access.

 

Her farm is sold but other family members still have farms there. 


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#8 andy

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Posted 04 June 2017 - 02:44 PM

No buildings just land with easy water access.

 

Her farm is sold but other family members still have farms there. 

 

What was the sale price per meter? And was it in Battambang Provence?



#9 Paul

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Posted 04 June 2017 - 06:29 PM


The question was to John about the buildings.

 

My bad. I was exhausted and in need of rest.

 


Surely you would use it for grazing after each harvest.
 
True. But, the cows need to graze every day. Much more difficult to find them areas to graze on during rainy / rice growing season.

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#10 Paul

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Posted 05 June 2017 - 05:55 AM

I'm impressed. Legal lease agreement with stipulations listed. They just want the full lease money up front, $300 USD. Something I've not done in a long time.

 

Gonna talk it over with Chan.


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