(1) Advantages of buying rice fields for investment
- significantly cheaper than residential land: Rural land often has a significantly lower selling price than residential land or land with infrastructure, especially in rural areas or suburban areas.
- Potential price increase if located in the planning area: Many areas of rice fields are currently located in the planning area for urban expansion, development of residential areas, industrial parks, etc. When there is a plan to reclaim land or change the purpose of use, the value of rice fields can increase many times.
- Flexible in use or lease: Farm land can be used for farming, growing clean vegetables, organic farming models, or leasing for agricultural production to create cash flow while waiting for price increases.
(2) Risks and challenges when investing in rice fields
- restricted in the purpose of use: Rural land is only used for agricultural production, not allowed to build houses or solid works. Illegal construction can be subject to forced demolition, administrative sanctions or land reclamation.
- Difficulty selling: Rural land is often difficult to resell without planning or conversion. The selling time is long and few buyers are really interested, especially during the quiet market period.
Therefore, you should consider buying rice fields if you have the ability to invest long-term and do not need to recover capital quickly.
At the same time, buying land with transparent legal status, a separate red book and no disputes will avoid many unnecessary risks. In addition, it is also necessary to be ready to use land for agricultural purposes while waiting for land value to increase.
On the contrary, if you expect to surf and make quick profits in a short time, investing in rice fields is not a suitable choice.
