23 August, 2007

The planter revealed

Planters are supposed to be sitting on considerable wealth in terms of land, but those having liquidity is an exception rather than the rule. The income from sale of rubber sheets is used for his day to day expenses. Once in a while much cash comes into his hands in a very short span of time from the sale of rubber trees which he uses to buy more land now a days mostly in urban area or to build or renovate his bungalow or marry off his daughter or to square up existing loans.

A comparison of the value of plantation land with that of in urban areas will be interesting. If you take the value of one acre (100 cents) of plantation as 20 lakhs (maximum) it will be equivalent of 5 cents in Kottayam, 4 cents in Ernakulam, 3 cents in Chennai, 2 cents in Bangalore and probably 1 cent in Mumbai!

With this post I have come to the end of the "Planter" series.

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