by Most Lee Harmless » Tue Jul 23, 2024 2:58 pm
Lola : that is an issue in itself. There will be a mighty free for all to recover acres that are continuing to expire the longer this goes on. Rents will go sky high as we try to recover them ALL at the same time.
Currently, acres fall due for renewal scattered across the 21 day period. So, often, we are not actually competing for those tranches of acres, unless a new bid comes in from some-one new or expanding on that day.
If we all renew lost acres on the same day once it is resolved, then we will have the same issue 21 days later as we all try to renew again at the same time. Rinse and repeat until it, hopefully, settles back down and bids even out over time.
But that is still going to be a potentially massive hike in rents until it is settled.
Meanwhile we are bearing all the costs and gaining.no incomes from our plantations.
-1 : Move to archive.