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Deal #135

Location #1

Spatial accuracy level
Administrative region
Location
Laiyang, Yantai, Shandong, Volksrepublik China

Target country
China
Comment on location
Shandong

Land area

Intended size (in ha)
300
Size under contract (leased or purchased area, in ha)
[2006] 100
Size in operation (production, in ha)
[2006] 100

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2006] Concluded (Contract signed)

Implementation status

Implementation status
[2006] In operation (production)
Comment on implementation status
The total investment planned comes to US$18m and 300 ha.

Leasing fees

Annual leasing fee
1500
Annual leasing fee currency
US Dollar ($)
Annual leasing fee type
per ha
Comment on leasing fees
The land was contracted from 800 farmers who were to be paid US$1,500 per ha each year for 50 years.

Contract #1

Duration of the agreement (in years)
50

Operating company

 

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Data source #1

Data source type
Media report
File

Data source #2

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #3

Data source type
Company sources
File
Date
2006-05-01

Data source #4

Data source type
Media report
File
Date
2011-07-13

Displacement of people

Comment on displacement of people
800 farmers

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
The land has been leased from 800 local farmers for an annual rental fee of 12,000 yuan (1,500 U.S. dollars) per hectare.

Former land use

Former land use
Smallholder agriculture
Comment on former land use
The land was contracted from 800 farmers.

Detailed crop, animal and mineral information

Crops area
Fruit (unspecified), Vegetables (unspecified)
Livestock area
Dairy Cattle

Use of produce

Has domestic use
Yes

How much water is extracted?

Comment on how much water is extracted
JPN

Overall comment

Overall comment
Import of other remarks regarding the investment: The new venture is registered as Shandong Asahi Green Source High-tech Farm Co. at the local bureau of industry and commerce. The company plans to employ local farm labourers.

July 17, 2017, 7:18 a.m.

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Aug. 12, 2016, 7:58 p.m.

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Sept. 17, 2013, 8:57 p.m.

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March 8, 2013, 2:50 p.m.

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March 8, 2013, 2:50 p.m.

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March 8, 2013, 11:08 a.m.

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Feb. 15, 2013, 4:59 p.m.

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