TORONTO, ONTARIO--(Marketwired - March 10, 2014) -
Editor's Note: There is a photo associated with this press release.
On first glance, farms for rent and farmland renting services may not seem like pressing needs. However, during their recent pitch on CBC's Dragon's Den, the Veurink farm family showed the Dragons that the Canadian market was well overdue for innovation in this area.
The response from the Dragons, and from people across the country since the episode aired, confirms what the Veurinks already noticed - farm land leasing had flown under the radar for far too long, jeopardizing the sustainability of one of Canada's most vital sectors - Agriculture.
The Veurinks pitched RentThisLand.com, the only Canada-wide website squarely focused on farmland rentals. Unlike classified ads, which can be costly, time consuming and leave landowners uncertain about the value of their land, RentThisLand.com features a hassle-free tender process, where landowners can list farms for rent, determine the market value of their land and find the perfect tenant - at no cost.
In the Den, the Veurinks received offers from Arlene Dickinson, Bruce Croxon, and David Chilton, all offering exactly what the team asked for - or in Chilton's case, more.
While the episode aired, Jim Treliving took to Twitter, saying the business 'provides a much needed service for Canadian farmers,' and Arlene Dickinson tweeted, 'I love this, it's like a dating website but for farmland.'
Since appearing on the Den, RentThisLand.com found their perfect match with Bruce Croxon with whom they've now closed a deal.
Croxon said, 'these guys really know land rental and every website feature enhances the leasing process.' He said, 'It's really a no brainer choice for landowners and farmers.'
Landowners and farmers clearly shared that opinion, as registrations have been pouring in. The team has received messages of praise from across the country, crediting them with a great model to address a pressing need that sits at the crux of Canadian fabric - its vast array of farmland.
Croxon says, 'Lavalife pioneered online dating and RentThisLand.com is pioneering online land rental matchmaking. This is a very solid website with way more than meets the eye.'
Next steps for RentThisLand.com involve implementing some of the strategic input from Croxon and his team, as well as continuing to optimize the technology providing the best farms for rent service in the country.
Who Should List Land on RentThisLand.com:
- Retiring or downsizing farmers who want to retain ownership of their land and receive rental income
- Non-farming children who are trustees or who have inherited farmland
- Investors seeking to find a great combination of price and stewardship for their asset
- Rural residents with unused farmland
- Real estate professionals who want to use a no-cost method of hosting a rental tender process for their clients
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140310-rentthisland_pic01_mar10.jpg