TORONTO, ONTARIO--(Marketwired - Feb. 18, 2014) -
Editor's Note: There is a photo associated with this press release.
Hagersville entrepreneurs Kevin, Andrew, Brittany & Shannon Veurink of RentThisLand.com will be appearing on the Wednesday, March 5th episode of CBC's Dragon's Den airing at 8 p.m.
"The status quo for renting land wasn't cutting it anymore" said Kevin Veurink, creator of RentThisLand.com. "We needed a more efficient way for people to find good rental matches."
Shannon Veurink says, "The response from landowners and farmers has so far been phenomenal, so appearing in the Den is an incredible way to tell Canada about RentThisLand.com."
RentThisLand.com's pitch was taped in 2013, but the entrepreneurs won't let on about what took place in the Den. Viewers will have to tune in on March 5th to see what happened.
This Canada wide website launched last February, offering a completely innovative way for landowners to find the perfect farmer to lease their farmland. Farmland rental is an increasing trend, and an extremely important transaction within the agriculture sector. Kevin Veurink was astonished that no website addressed this need, and felt an online solution was overdue. Kevin, his brother and farm partner, Andrew, and their wives, Shannon and Brittany created a service that would address the needs of both farmland owners, and land seekers.
Now, for the first time ever, landowners can access the most comprehensive farmland for lease service - at no cost.
- Offers Widespread, Instant and Effortless Exposure - About a thousand farmers who are seeking rental land are already registered, and more sign up every day. When a landowner creates a listing, farmers looking for that type of land in that area (determined by the farmer's custom settings) are instantly notified by email alert. Each listing is also sharable online by social media and email, providing effortless exposure.
- Tells Landowners the Value of their Rental Land - RentThisLand.com's offer process answers the question for farmland owners that want to lease their land, 'what is my farmland worth?' Instead of operating like a classified ad where a landowner deals with each party one-at-a-time, RentThisLand.com's system collects up-front offers from farmers who are interested in renting the land. This gives landowners a clear understanding of a fair price before making a leasing decision.
- No Hassle - The offer process is hands off for the landowner until the listing closes. They don't have to deal with back and forth questions and phone calls from every farmer. Farmers can use the message board to ask questions, and the landowner's answer is displayed to everyone else as well. Landowners have total flexibility to pick whomever they choose, and maintain complete control over their land.
- Higher Returns, at No Cost - RentThisLand.com is likely to get landowners a better price for their land. With no risk or obligation, landowners have a lot to gain by using this method. On an average listing of 100 acres and a 5 year farmland lease, even an extra $1 offered per acre translates into $500 in additional rental income. Traditional tender processes come with hefty commissions, but with RentThisLand.com, landowners pay nothing.
RentThisLand.com has been received enthusiastically by farmers and landowners across Canada who have been waiting for a more efficient way to rent land. The business has even been recognized with an Innovation Award from Ontario's Premier. The Veurink family is hopeful that the Dragon's Den experience will spark even faster growth for their website.
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