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Deal #1454 Version #53731

Madagascar
Created at
2013-02-15
Last update
2014-12-18
Last full update
2024-05-03

Land area

Intended size
100 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 6558.0 ha
Size in operation (production)
  • [2012] 2000.0 ha
  • [2014, current] 3500.0 ha
Comment on land area
Of the 6558 hectares, only 60% can be planted.

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops
Comment on intention of investment
The company began planting Jatropha, however has diversified due to the poor quality of the land.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)
Comment on negotiation status
The land was acquired in 2010, however the leasehold agreement was only signed in 2012.

Implementation status

Implementation status
  • [2012, current] In operation (production)

Leasing fees

Annual leasing fee
30 000
Malagasy Ariary
per ha
Comment on leasing fee
(About $US13-14 ha/year)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Comment on contract farming
2 hectare per village, with training of the locals