Ok, this Google Ad for Tropical Tree Farms kept showing up on my Costa Rica Travel Blog page and so I had to check it out.
It sounds like an interesting idea. You give them a chunk of cash to plant 100 trees ($3-4000 depending on the type of trees) in Costa Rica and then you get a steady income at the various harvest points (7, 10, 13, 17, 21 and 25 years). Based on one projection of the increase in tropical hardwood lumber prices, your initial investment pays off a total of $118,000. The income stream if it's real sounds pretty amazing. And they are claiming a very environmentally sensitive operation. Sounds really good. Can even do investment in your IRA.
Has anyone had any experience with this type of investment or this company? I'd love to hear feedback, experiences.
It sounds like an interesting idea. You give them a chunk of cash to plant 100 trees ($3-4000 depending on the type of trees) in Costa Rica and then you get a steady income at the various harvest points (7, 10, 13, 17, 21 and 25 years). Based on one projection of the increase in tropical hardwood lumber prices, your initial investment pays off a total of $118,000. The income stream if it's real sounds pretty amazing. And they are claiming a very environmentally sensitive operation. Sounds really good. Can even do investment in your IRA.
Has anyone had any experience with this type of investment or this company? I'd love to hear feedback, experiences.