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Considering Palm Plantation Purchase


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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?



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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.



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