Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1393

Deal #1393 Version #53252

Liberia
Created at
2013-02-15
Last update
2014-04-04
Last full update
2023-06-27

Land area

Intended size
24 079 ha
Size under contract (leased or purchased area)
  • [2013] 24079.0 ha
  • [2014, current] 13962.0 ha
Size in operation (production)
  • [2012, current] 1200.0 ha
Comment on land area
Allocation 13,962ha, expansion area 10,117ha, outgrower allocation 10,117ha The community won the protest to prevent the company from expanding its plantations.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
50years total: 7 years rehabilitation, 43 years regular

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
Initial contract signed in 1965

Implementation status

Implementation status
  • [2008, current] Startup phase (no production)
Comment on implementation status
Started by Getty Oil in 1968

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
US$1.00/yr/developed ha, US$0.50/yr/undeveloped ha during rehabilitiation term (7 yrs). US$2.00/yr/developed ha, US$1.00/yr/undeveloped ha during regular term (43 yrs) In the period 1 July 2010 - 30 June 2011 the company paid US$23,177 for surface rental (=US$0.65/ha)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 10117.0 ha