Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1338

Deal #1338 Version #52759

Ghana
Created at
2013-02-15
Last update
2020-05-15
Last full update
2024-04-24

Land area

Intended size
120 000 ha
Size under contract (leased or purchased area)
  • [current] 50000.0 ha
Size in operation (production)
  • [2013, current] 5.0 ha
Comment on land area
Only 5ha are farmed with seeds being sold. pilot farm of 100 Hectares has 100,000 trees, the company also has plans to expand further on to more of the 50,000 hectares it manages in partnership with three villages in Ghana. The company is looking to establish 300+ ha seed unit and associated facilities. The 70,000ha area has not been used and usufructuary rights might have lapsed

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops
Comment on intention of investment
The company gave up on jatropha due to the falling global prices. It subsequently decided to grow maize. In 2019 it expressed it wanted to go into a seed multiplication.

Nature of the deal

Comment on nature of the deal
The nature of the deal is unknown, but is likely to be a lease. Earlier it was reported that the company only had usufructuary rights.

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)

Implementation status

Implementation status
  • In operation (production)
  • [2014] Project abandoned
  • [2019, current] In operation (production)
Comment on implementation status
Unavailability of funds. The company changed its name to Paragon Farms and is now undertaking maize farming.

Leasing fees

Comment on leasing fee
Small annual fee to be paid to the chief

Contract farming

Contract farming
Yes
On leased / purchased
Yes
Comment on contract farming
farmers grow jatropha under profit sharing lease agreements with the company. In 2019 the company issued a feasibility study to (among others) a smallholder programme