Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1393
Deal #1393 Version #53253
Liberia
Created at
2013-02-15
Last update
2014-04-08
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] 1200.0 ha
- [2014, current] 5600.0 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
- [2012, current] In operation (production)
Comment on implementation status
Started by Getty Oil in 1968
Leasing fees
Annual leasing fee
2
$
per haComment 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