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Deal #1454 Version #53746

Madagascar

Created at

2013-02-15

Last update

2020-02-07

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] 3500.0 ha
[2020, current] 5425.0 ha

Comment on land area

Of the 6558 hectares, only 60% can be planted. One report states that 8000 hectares has been granted. Another report states 50 000ha current size under contract. 3000ha planted under corn.Essential oils (Cape Pelargonium) is planted on 30 ha. According to another source, in 2020, JTF Madagascar aims to expand cultivation from the current 5,425 ha to 6,981 ha.

Intention of investment

[current] Food crops, Non-food agricultural commodities

Comment on intention of investment

The company began planting Jatropha, however has diversified due to the poor quality of the land. Oil seeds= Pelargonium (otherwise falsely known as ornamental by the name of "geranium."). The company now produces food crops (corn, soya and black eyed beans) and essential oils only (non-food agricultural commodities)-2017.

Nature of the deal

Lease

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. Tozzi is accused of starting cultivating several hectares of land in the Ihorombe area, although it had only received an exploratory license.

Implementation status

[2012, current] In operation (production)

Comment on implementation status

Tozzi is accused of starting cultivating several hectares of land in the Ihorombe area, although it had only received an exploratory license.

Leasing fees

Annual leasing fee

30 000

Malagasy Ariary

per ha

Comment on leasing fee

(About $US13-14 ha/year)