June 18, 201312 yr Hi with about 20 rai of land that can be used for growing rice, in Korat about 5 Klms from town . My wife and I live in nontaburi and are not interested in farming the land at this time, I know farmers lease the land and we were approached about leasing it to a farmer he wants to grow rice. Does any one know of the average price to lease a rai of land ? Another good question is how honest are the farmers to pay the lease on the land? Keep in mind I am only gathering info And am very green to the understanding of leased property in Thailand to farmers.
June 18, 201312 yr Depending on how good is your land; it is worth about 1000-1500 B per rai. You collect the rent, yearly, in advance or for the life of the contract. No orher terms, unless you want to turn it into a welfare project.
June 18, 201312 yr Author Depending on how good is your land; it is worth about 1000-1500 B per rai. You collect the rent, yearly, in advance or for the life of the contract. No orher terms, unless you want to turn it into a welfare project. Would this be a yearly payment or harvest payment amount appreciate your input ?
June 18, 201312 yr Yearly, the harvest is theirs You can also do share cropping, money does not change hands, you get 40% of the crop, good or bad.
June 18, 201312 yr Here in Sarakham the going rate is 500 baht per rai. All depends on availability of water. We rent our land out at 40% and just sit back and drink beer.
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