Renting rice paddy

[dick turpin]

Always thought you could only rent rice paddy by

the rai at an annual rate

 

Now understand you can rent say five rai for

an up front payment of 150,00 baht and retain

the land until the owner wants it back at which

time he will repay the 150,000 baht.

 

Anyone gone this route and come across

any pitfalls. My sage of a mother-in-law says

it is worthwhile if you can keep the land

for several years.

 

 

 

[farmerjo]

I have heard of up front payments for a crop like sugar which you get 4-5 years out of one planting.

But only for payment to cover that cycle which is around 1000 baht/rai x 5 years so 5000 baht/rai in advance.

Farmers don't tend to rent in long periods for fear of squatters rights after 10 years.

Well thats what they believe around here.