Too many tempting offers for sale and maintenance of farmlands, coffee/tea estates, managed farms and smaller piece of lands in the estates with attractive videos and free property inspection and visits, by NEW startups with very high to impossible returns on the investment, is the NEW marketing technique to trap the investors. The offer is coupled with legal opinion or clearance for such estates from the experts is offered free, to trap the investors. Fake paid online reviews is the ORDER of the day. It is also learnt many women agents have been recruited to market these properties.
Managed Farm is a new word in vogue today and a promise of an unviable and unbelievable profit or return on the investment is totally a baseless STATEMENT.
Some of the properties are offered and sold between Rs.40/- per square feet to Rs.150/- per square Feet, whereas, the agriculture or farm lands are sold in terms of Guntas or acres in karnataka, Cents and hectares in Tamil Nadu and Acres in Andhra Pradesh.
An acre of Coffee estate (in TN and Karnataka) is approximately sold as per the registered value is around Rs.8,00,000/- to Rs.15,00,000/-. (Sakaleshpur and Coorg in Karnataka and Ooty, Yercaud and Kodai hills in TN) and lands in the areas bordering Karnataka and Tamil Nadu.
An acre is 43,560 Sft or
100 cents of 435 sft or
40 Guntas an acre in Karnataka.
The average coffee production is about kg 500 to Kg 800 per year for a plantation of 10 to 15 years old and the approximate price of the coffee seeds are between Rs.150/- to Rs.200/- depending the quality. The annual cultivation expenditure per acre is around Rs.50,000/- to Rs.60,000/-.
The production is approximately about Kg 500 and at Rs.200/-(highest value) will fetch Rs.1,00,000/-, for a successful crop and the net return is Rs.40,000/-, if everything falls in its place.
Failure crop means a LOSS. The OFFER of excellent returns by these operators or the incumbent falls flat.
The seller or the agent consoles the buyer stating that the appreciation of the property value is much higher. It is not true. The buyer has already paid Rs.30,00,000/- to Rs.60,00,000/- per acre, (5 to 10 years ahead) it will take at least another 5 to 10 years to reach this price. In case, of emergency, there will definitely, be A LOSS from the sale.
Daily Coffee Market Report
Tuesday, July 14, 2020
Updates from ICE [New York], LIFFE[London] and ICTA[Bengaluru]
|Futures Prices 13.07.2020|
|ICE (New York) – Arabica Price||LIFFE (London) – Robusta Price|
|Month||US cents/lb||Rs/kg||Month||US $/tonne and cents/lb in brackets(10 MT contract)||Rs/kg|
|July – 2020||97.40||161.67||July – 2020||1194 (54.16)||89.90|
|Sep – 2020||98.65||163.75||Sep – 2020||1224 (55.52)||92.15|
|Dec – 2020||101.25||168.07||Nov – 2020||1240 (56.25)||93.36|