Considering Palm Plantation Purchase

[Deacon]

Hullo,

I'm considering buying some land in Krabi from an in-law. He is offering approx 20 rai. There are oil palms on 13 rai of this land, while the remaining 7 rai is natural growth (trees, cocnut palms, scrub, etc). The offer stands at 1 million Baht. Does this sound like a resonable price? Would a purchase like this offer a good ROI?

Thanks!

D.

[GungaDin]

Hi

how old are the oil palms & are they producing fruit yet?

[Mosha]

I am told they only live about 20 years, so the age of the trees is important. AFAIK not much use for the wood.

[Deacon]

Hi

how old are the oil palms & are they producing fruit yet?

Thanks. The palms are 8 years old. I've been told that they are not producing much fruit because it's been dryer than usual this year in Krabi.

Regards

D.

[GungaDin]

As soon as you get back to Krabi, check out that story with other growers.

Those trees may be diseased or may not!