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  1. #1
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    Back up for when ive gone

    HI. At 58 i had been on my own for two years since my wife died and so i came to thailand (NakhonSawan ) for a holiday There i met wan and decided after going back and forth to UK to get married and settle here. After four years together we had a child who is now four year old. I bought a house in pattaya because it was so much easier to get extension of stay , 90 day reports, and the like. Now at the age of 67 i am thinking about the prospects for my wife and child when i gone as the Uk is cutting everything and probably by the time im gone there will be nothing for widows and children of expatts. In antisipation of this i am wondering about making use of wans land in Suphan Buri which at present she rents out to a local who grows veg and stuff. The land is flat has water and electrick and a thai house which i will knock down and rebuild . The land is 50 ria and next to the main road . I am too old to start farming so what if any long term things with minimal maintainance can i persue. Tree perhaps . This is not for profit now but for the future when me and my pension are gone. Any one Doing this or got any ideas they would share i would be most thankfull Pete in patts..

  2. #2
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    good2bhappy's Avatar
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    casava

  3. #3
    Lord of Swine
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    limes, chillis, peppercorn

  4. #4
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    plant teak; then watch the locals and government steal them...

  5. #5
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    for a more passive income for your survivors.. probably rubber trees ....good for 25- 30 years if reasonable care taken. Will be maybe 7+ years to mature enough to cut but you could maybe plant interim crops ? Investigate.... maybe some government initiatives in place to give assistance?
    Quite a few expat rubber farmers on here ....we are all frickin experts so lots of advice...lol
    So you'd better hang around for atleast a few more years eh?
    Good luck ..don't let the house build kill ya...lol

  6. #6
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    Suphan Buri has a range of well established farming enterprise types based on its location in Central Thailand and abundant irrigation water. Orchids, fish, prawns and pigs. Of course rice and vegetables. Stick with what works locally.
    IMHO your issue is to decide what part you want to play. 50 rai is a lot of work whatever you do. Currently it is rented out, you can share crop it or finance the production with contract labour for instance with rice, which is at least 2 but usually 3 crops per year. Do the numbers on the returns.
    The region is also home to many small industrial estates and hence could be an acquisition target. The province is among the richer parts of Thailand and has many agricultural corporates with bases there.
    Lots of options.

  7. #7
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    The banks offer Long term Life insurance policies at reasonable interest for future income for the wives of the departed...just saying....never to young to be a widow in Thailand.

  8. #8
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    IA tells it like it is..goodonya mate.

    Some more Chang powered thought..

    Would maybe good idea to buy, beg, borrow, steal or grow as many fruit, nut or veggie/fruit plants and trees as is practical. Same goes for pretty plants and trees.
    Everything thru nut trees( including those frickin horrible bean thing trees), lime,kaffa lime, bananas to lemon grass ginger variations etc..amazing how much home grown stuff is handy and money saving or maybe even saleable . Everything grows like crazy as you probably know?
    Don't know where your wife and child are currently living but maybe pot it all till you and spouse and child are resident in your house. Plant out not too far from your house ...sadly this stuff grows legs.
    have fun..lol
    Last edited by crepitas; 30-09-2013 at 09:35 AM.

  9. #9
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    Firstly many congratulations on being able to father at that age !

    You are correct , pension benefits for expats younger wives have allready been stopped .

    I am gonna be in a very similar position as yourself , we have some rubber land invested in for the wifes future pension and I will be buying a house ( somewhere ) it wont be in the sticks , if its even in Thailand , if it is it will be in a coastal area like yours , so indeed no doubt when the time comes your wife will be able to draw a good rental income from it .
    I'm proud of my 38" waist , also proud I have never done drugs

  10. #10
    or TizYou?
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    Depends how reliable you think that your wife will administer her affairs after you are gone.

    I'd leave the land rented out and invest any savings outside Thailand.
    In my will I'd leave my savings to a testamentary trust, which would manage my investments and distribution of income after my death in a manner prescribed by me.

    Because a testamentary trust can live for up to 80 years from the testator’s death, it can provide flexibility, asset protection and taxation advantages for many future generations.
    (this is Australian, New South Wales law, it may be different where ever you come from)
    Last edited by TizMe; 30-09-2013 at 11:47 AM.

  11. #11
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    It's good to see someone else who is happily married, has a family and is thinking about the family's future.

    If your wife is into farming, I suggest you consider:

    Bamboo

    Corn

    Green vegetables

    All of those are easy to grow and sell well.

    Another source of income is money lending. I don't mean at the motorcycle thug level. There's a demand for sizeable loans from salaried people who can offer collateral. The winner for them is that the private lender will continue the loan so long as interest is paid. They don't trust the banks to go beyond the pay back date if the capital can't be repaid. The Land Offices will recognise loan contracts and register them against the land deeds. Do it properly and it's a nice earner for the wife without constant work. Despite what critics might say, this market is popular and legitimate. The would-be borrowers approach the lenders. No one can claim that there is any coercion or bullying.

  12. #12
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    Don't put all your trees in one field, or er, all your eggs in one basket.

    25 rai of rubber. 25 rai of palm oil.

  13. #13
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    Than intensive and need you to be there . We live now in pattaya , james is in school so we would only be there at the land on week ends and holidays. We live in pattaya for me and i think when i am gone the wife will move back to where she was born ( the land in Suphan Buri) If i thought teak trees would be safe from being stolen that would be ideal ,but the land is about 30 kl out of town and next to the main road so vunrable. The land next to the wifes is used mostly for sugar cane and corn . there are rubber trees on land near plus lots of other crops around. If my wife decides to live there she will never go hungry as she has lots of space to grow veg and stuff and has family and friends near but i am looking for something that in time will be like money in the bank (but safer ) I cant contemplate moving there because i spent a week there last year to meet her friends and family (mom & dad Gone) and i couldent converce with anyone the whole week as my thai is about 10 words max and i am just too old to get to grips with speaking thai. Thank for surgestions up to now Pete in patts

  14. #14
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    Pete as I mentioned before mate ,, your wife will be able to move back to the sticks , like mine will to live within her local area and draw a good rental income from the property your in now .

    I wouldnt worry too much about growing things in the sticks , I would say her golden goose is where your sitting right now .

  15. #15
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    Quote Originally Posted by petewan
    as the Uk is cutting everything and probably by the time im gone there will be nothing for widows and children of expatts
    well, there isn't now if they are non-resident

  16. #16
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    Peter, forget rubber, if you are not there to supervise you will end up with trees that produce little rubber and find it hard to get tappers.
    Have a look at palm oil, new Malaysian clones, less work and good returns.
    Forget teak, know a Thai guy with 40 rai of teak, he eats, sleeps with a sidearm 24/7 and has fired in anger 3 times in 5 years, the other guys fired first.

    What type of title does the land have, if charnote, just improving the land maybe a good long term investment, good land is not cheap.

    I just spent today planting cashew nut trees, grow like weeds, perhaps 10 or 20 rai of them could be an idea, not much work and contract harvesters work in many areas. Try to find dwarf cashew trees, much better, but I haven't been able to find them out in Issan.

    Lots of possibilities, but most involve a hands on approach, no easy money from farming. Jim

  17. #17
    Thailand Expat Pragmatic's Avatar
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    Money lending. My missus does it for people she knows well and gets 20% interest. Thais in rural areas like to payback daily with the interest. Okay, you may say the 20% is high, but people come to her. The Chinese money lenders charge 30%. I'm not involved, so please don't criticize me.

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