Mmm... Sorry for the late reply D-Tourist. Have been really busy of late. And please, just call me Mike, or Michael if you feel that's too informal.. hahaa...

As Danny has pointed out, RM28,000 to a maximum of RM30,000 is considered a fair price for lower Perak region, as long as it isn't peat soil. From how you're describing the land, I have an idea where it is located, and the area is actually flood prone. Some flood mitigation had been done in the area, but not all the planters there had participated in the operation.

Regarding the seeds, let me put it this way: As long as it is coming from a certified producer, the material is good in terms of yield. All seed producers have to follow the minimum SIRIM standard for oil palm seeds. However, given the strong competition for the oil palm seed market, none will go for the lower spectrum. What you may want to consider are things like palm characteristics, which will affect the plantings on different terrains. Sime's (Golden Hope, Guthrie, and Sime) are characteristically more vigorous palms, meaning they grow taller faster. This might become an issue for harvesting when the palms are 12-14 years old and beyond. Also, note that more vigorous palms tend to suffer more stress on elevated soils than shorter palms, and have a tendency to lean on softer soils like peat.

Just a quick guide for seed selection

Felda
Yangambi based material, which has very high bunch number, good oil production. However bunches tend to be smaller in size, with thicker shell and bigger kernel. Palms are moderate vigour.

Sime (inclusive of merged companies)
AVROS based materials, which are notably vigorous. Moderate bunch number, with moderate bunch sizes. Good oil profile, and high oil yielding. Also noted to be very uniform in growth.

United Plantations
A class of its own. UP's selected materials are known for very high oil yields in excess of 30% lab extraction, and oil yields per hectare between 6-7 tonnes. Moderate bunch sizes, and moderate bunch numbers, but capable of reaching 35 tonnes per hectare.

IOI
AVROS based materials, similar to Sime's performance. However, recent selections have edged its oil production closer to what UP's materials are capable of.

AAR
Good planting materials. Refrain from commenting.

These above are considered to be large seed producers.

Other producers (now no longer available) are Unilever's Pamol, and SOCFIN. Both of these producers have materials similar to UP's. Check ex-SOCFIN's Johor Labis estate, you will know how good it is (OER around 23-24%).

However, one note of caution: There are now many fraudsters selling oil palm seeds illegally. These seeds might be from certified producers, but the "agents" they have no permission to sell seeds. Also note that seeds are sold as GERMINATED SEEDS, so any ungerminated or "preheated" seeds are most likely fakes. Needless to say, if the reseller cannot produce a certificate to attest the legitimacy of the seed source, they are likely to be those dug from under the palms, i.e. non-hybrids.

Please be careful about this, as the demand for oil palm seeds has become overwhelmingly high, and just as what happened in 1984, fraudulent sale of oil palm seeds nearly killed the industry. Be responsible, and buy only certified seeds.

Other than that, I believe Danny has given a very good explanation of things.

PS: Checked the latest CPO prices? Already below RM2200 lei.... The forecastings were correct all the while... And just a hint, South America is planning to flood the market with oil crop.