Deal #1151 Version #88494

The SOCFINAF annual report 2019 states that the company owns 58,063ha of which 32,584ha is planted with oil palm and 2,067ha with rubber. At the time of privatization, Socapalm totaled 78 529 ha. More than 20 000 ha were retroceded to the legal owner, the State of Cameroon at the end of June 2005. Initially SOCAPLAM bought 78,000 hectares of land and in 2005 it was agreed that 20,000 hectares be given to the indigenous population. They said SOCAPALM violated this "Gentleman Agreement". 40% of planted area by smallholders on the estate. Another report states 58000 hectares under contract, while a farmland grab article states 56000ha. 37,001 hectares of plantations in 2014: 35,037 ha of oil palm and 1,964 hectares of rubber. Socfin 2014 report states 59 563 ha under contract, with area planted being 33 044ha. 6 sites. Original leasehold states 20 000ha only. Grain report states concession size 73529ha while the area under plantations is 41951ha (Sept 2019). One report showed that in December 2019, a new contract for Safacam (Socfin group in Cameroon) was awarded on an additional 2,161 hectares for plantation extension.

Oil palm and rubber

Previously government owned, started in 1969

2018 contract farming figures are based on the tracability reports from the company. They have 2,338 outgrowers, who themselves have about 3,000 agricultural workers. 40% of planted area by smallholders on the estate.