A Beginner’s Guide to Buying Farm Lots in the Philippines: What You Need to Know
Introduction The Philippines, with its rich agricultural resources and favorable climate, is a prime location for purchasing farm lots. Whether you are looking to invest in an agricultural venture, establish a hobby farm, or secure a retirement property, understanding the nuances of buying agricultural land in the Philippines is crucial. This guide will walk you through the essential steps, considerations, and legal aspects of acquiring farm lots in the country. Understanding Agricultural Land in the Philippines In the Philippines, agricultural lands are classified into several categories depending on their intended use. These classifications are essential since they affect land valuation, tax rates, and permitted activities. Class I: Prime agricultural land, typically suitable for intensive cropping. Class II: Suitable for less