The Price Of A Rai

[samsiam]

How much is a bag of rice ?? how many to the rai ??....divide by 100k and see how many years to get in front.

[tingtong]

......... and if not for farming in mind, than just say so, but dont mix it in the same category.

I recently met a guy, bought 100 rai in his g/fs name @ 100k/rai for rice growing somewhere in Issan (5 years ago).

Then bought her two tractors to farm it.

Total investment around 12 million baht. They were together for 3 years then split up, she kept the lot.

He said it seemed like a good investment, I agreed, it was a very good investment for her.

if he has a good supply of Viagra or whatever it takes, than say the 3 yrs = 1000 shags?

that is around 400$ per day....

hope your friend got hooked up with one worth the premium pay for her efforts!

if yes, than your friend also made a good investment LOL.

on the sunny side: i dont have near that dough, so, little chance to get ripped of 12 million.

your sory could be only funnier if your friend would find out that they bought all that lend from the family in the first place, and probably way abouve the usual going price, as even now large plots seem to go for less for rice, lot less in normal Isaan regions.

[somo]

We just bought 6 Rai of land for 380K Baht used for rice farming. It is 1 K outside a village, 1 hour from Sakon Nakhon. It is ~500 meters down a dirt road from a paved highway.

Why?

For rice.

Nuts

[ChoakMyDee]

We just bought 6 Rai of land for 380K Baht used for rice farming. It is 1 K outside a village, 1 hour from Sakon Nakhon. It is ~500 meters down a dirt road from a paved highway.

Why?

For rice.

Nuts

Alrighty then. I was just trying to be helpful to the OP who was trying to get an idea of what to pay for land.

[harrry]

Alrighty then. I was just trying to be helpful to the OP who was trying to get an idea of what to pay for land.

ignore the landless serfs.....They just do not know what land is.

[andycrosby]

We just bought 6 Rai of land for 380K Baht used for rice farming. It is 1 K outside a village, 1 hour from Sakon Nakhon. It is ~500 meters down a dirt road from a paved highway.

Why?

For rice.

I think that kind of land is worth 40-50k a rai , but we are not in your area and so non of us know, but dont listen to the troll nay-sayers mate as long as your happy thats all that counts and least your having a bloody good go respect

[Gary A]

My Thai wife came home and wanted to borrow some money to buy 2 rai. They wanted 170,000 baht per rai. It is on a good paved road just outside the village and has electricity and water available. I told her that was WAY too much money and I wanted nothing to do with it. She decided to borrow from the bank. She put a substantial amount of money down on the property and when it came time to close the deal the guy gave her the money back. He had a better offer and sold it out from under her. Maybe I should mention that is was a Thai who made the better offer.

She also missed out on a farmland deal. The guy wanted 60,000 baht per rai. About five years ago I bought her 10 rai beside that property for 20,000 baht per rai. She again decided to go the bank route. By the time she had things arranged, the land sold for 70,000 baht per rai. Yes, land prices have gone crazy. It may be a bubble or it may not.

[somo]

I think there is some confusion here as to how to value land so we end up with a huge range of prices.

For me agricultural land should be valued according to the economics of farming it not on where it is

unless the intention is to change it's use. Justifying agricultural land prices by area or region is a red herring. The price of whatever you grow on it is going to be the same wherever you farm.

In the case of cassava it is not worth paying much more than 30k/rai and from what I have read rice is not a more profitable crop.

Some may argue that even at higher prices the investment in land is still a good idea but that is a separate issue. Speculating in land prices is a different business to farming and probably better to speculate on land other than agricultural as the desirability factor is certainly more relevant for building land.

[samsiam]

Good luck with that somo....10 rai of rice land next to town then won't be worth much to you....cos its still farm land hey......destined to lose out every time you are.

It all comes down to location.....no matter what it is....even if it is swamp.

[cardholder]

Alrighty then. I was just trying to be helpful to the OP who was trying to get an idea of what to pay for land.

I think you missed the "NOT" as the 4th last word in your statement.

Beyond that, I could not fault your post.

[samsiam]

63k is not too bad really.....depends entirely what it is and can not tell that from a post here.

[cardholder]

Yeah...500k was not bad really for us.

I think you are trying to take the p!ss (and failing) - nobody is biting.

No wonder you enjoy Songkran so much.

lol....yes I love songkran....but that is irrelevant as to whether our land is/was worth the 500k we paid for it or not.

...........................or NOT

[somo]

Good luck with that somo....10 rai of rice land next to town then won't be worth much to you....cos its still farm land hey......destined to lose out every time you are.

It all comes down to location.....no matter what it is....even if it is swamp.

Then you are just speculating on land prices. This is a farming forum and 63k/rai for agricultural land is far too much unless as I said you can change the title and use of the land

[samsiam]

Yeah...500k was not bad really for us.

I think you are trying to take the p!ss (and failing) - nobody is biting.

No wonder you enjoy Songkran so much.

lol....yes I love songkran....but that is irrelevant as to whether our land is/was worth the 500k we paid for it or not.

...........................or NOT

Why would you say that knowing nothing about it or its current value ??

[cardholder]

Why would you say that knowing nothing about it or its current value ??

No "rice land" is worth 500k /rai.

[samsiam]

Why would you say that knowing nothing about it or its current value ??

No "rice land" is worth 500k /rai.

Ours is now worth much more than that and we grow rice on it.....or the neighbours do technically as I do not like to be out in the sun too much.......you would most likely not believe how much it is worth now.

[cfhebertjr]

6000 to 30000 baht will not even make a down payment. Isaan cannot be that much different than Phayao. Rice land with water 10 km out of city runs anywhere from 60000 to 120000 per rai. We refused the 120000 land because it is overpriced and can only get 1 crop per season. Consider your Cost of Operation adn Return on Investment before you purchase.

[cardholder]

Why would you say that knowing nothing about it or its current value ??

No "rice land" is worth 500k /rai.

Ours is now worth much more than that and we grow rice on it.....or the neighbours do technically as I do not like to be out in the sun too much.......you would most likely not believe how much it is worth now.

Try me...................

[loong]

Good luck with that somo....10 rai of rice land next to town then won't be worth much to you....cos its still farm land hey......destined to lose out every time you are.

It all comes down to location.....no matter what it is....even if it is swamp.

When you are referring to rice land next to a town, you are blurring the edges. If it is suitable for building on and the houses are likely to be popular, then it is really being sold as building land, not rice paddy.

[samsiam]

Why would you say that knowing nothing about it or its current value ??

No "rice land" is worth 500k /rai.

Ours is now worth much more than that and we grow rice on it.....or the neighbours do technically as I do not like to be out in the sun too much.......you would most likely not believe how much it is worth now.

Try me...................

Youse'll just make fun...

[andycrosby]

I think its all been said now land ranges from 6000 k LOL to 70k for rice land ad price about 50k building land 200k to a million

[grimleybob]

I would say that land is worth what you think it will give you in the long term not how much short term it will return. Difference between a farmer and an investor. Jim

If you/they can hold onto it in the situation you just described.

Hungry locals with machetes may think otherwise.

Anyway, I had a farm and plenty of land in the west, it was taken away from me with ease.

But

I would value a shotgun and 1000 cartridges, more than the land, if people in general started getting hungry.

Have you ever thought of writing a book. With your imaginative mind it should be easy.

[grimleybob]

Alrighty then. I was just trying to be helpful to the OP who was trying to get an idea of what to pay for land.

ignore the landless serfs.....They just do not know what land is.

Land -- isn't that something at the end of a Frenchman's arm

[grimleybob]

Why would you say that knowing nothing about it or its current value ??

No "rice land" is worth 500k /rai.

Give yourself a red card. What you say is ridiculous. You cannot possibly back up such a sweeping statement. A 10 rai block of "rice land" alongside the Highway 24 will sell for over 10 million bht every day of the week. Location Location Location. It's present use is irrelevent.

Edited April 12, 2012 by grimleybob

[tingtong]

indeed present use is the relevant info!!

that is what OP in the beginning asked, so, should the asnwer be as well, shouldnt?

as i said prior, than why not lower Sukhumvit road, or whatever area. sure, next to KKC highway there is a 50 rai plot for 2.5 million baht...that is per Rai, not for the whole plot. I am sure the buyer has nothing in mind as the rice it can grow, as well the seller's mind it worth all this ços the current rice pledging is so much a success that it pushed up the price/value of ricefield.

once again, time to distinguish between agri land, and that is land with mainly or only agri use; and land that for various reasons qualify to be used other way, ie build a house, a shop, a factory, a whatever...

all this BS -excuse my french- makes this forum just the same that so many other sections, and that sucks, really.

[samsiam]

Any land anywhere you can build a house or factory on....whether it is worth it is another question.

Our 500k land is rice land, it was rice land when we bought it and was used as rice land for decades....it is still rice land now and only used for rice land.....so your definitions suck really as we can also build a house on it if we choose.

[sezze]

Any land anywhere you can build a house or factory on....whether it is worth it is another question.

Our 500k land is rice land, it was rice land when we bought it and was used as rice land for decades....it is still rice land now and only used for rice land.....so your definitions suck really as we can also build a house on it if we choose.

I think everybody realises now that landprice by itself is not priceable without knowing the full situation . Some are very cheap and some are extremely expensive , no matter what present use is . Rice land , and being 100% riceland , not really good for building ( as being far out of anything habitable ) is cheap , while others when close to a city etc can be running above 1.000.000 per rai if the location is very desireable .

[Mosha]

How much are you compensated if the authorities decide to run a road through your land?

[tingtong]

How much are you compensated if the authorities decide to run a road through your land?

now, that is an interesting point.

where i come from, sometimes there was cases when the owners wanted irreal prices, else held up large public projects not selling a small plot, etc.

like an old appartmant block has to be distroyed, and one tenant holds on, not selling, and asks sky high price, say 10 million USD vs 40k general comparible market value.

after a while, came legislation, and new laws dealt with such cases...and no, not by rectifying sky high price, but in this case a fair normal value + a little above.

if still holding on now, and not accepting the offer, legally can be kicked out, or even send to jail, sabotaging important public projects.

[tingtong]

Any land anywhere you can build a house or factory on....whether it is worth it is another question.

Our 500k land is rice land, it was rice land when we bought it and was used as rice land for decades....it is still rice land now and only used for rice land.....so your definitions suck really as we can also build a house on it if we choose.

if real low lying rice paddy, you wont be able to build on it, unless filled. that usually comes at a cost too.

and no, you cant normally build a factory anywhere, logistic, utilities need to be in place. paved road, electricity, water, access for a pool of workers.

while english isnt my first, and wasnt my second language neither, you really try hard to stretch a twisted idea to prove right yourself, so, whatever makes you happy.

if you want to suggest to the OP that for growing rice, he needs to pay 500k/rai or near, else he does something wrong ( since you are obviously the rigth here), than in my opinion you wont help him much, but rather mislead.

one doesnt need on avarage 500k/rai to buy ricefield. period