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Deal #3458 Version #61272

Liberia

Created at

2013-03-25

Last update

2020-03-12

Last full update

2022-12-22

Land area

Intended size

8 000 ha

Size under contract (leased or purchased area)

[2007, current] 8000.0 ha

Size in operation (production)

[2013] 4297.0 ha
[2014, current] 4805.0 ha

Comment on land area

Another source mentions 40468.8ha in 1959. Another source states size is 8800 ha.

Intention of investment

[current] Non-food agricultural commodities

Nature of the deal

Lease

Comment on nature of the deal

Previous owners- 70 years from 1959 (1959/08/01)

Negotiation status

[2007, current] Concluded (Contract signed)

Comment on negotiation status

Current owners took over the company in 2007. Previous owners acquired plantation in 1959.

Implementation status

[2007, current] In operation (production)

Comment on implementation status

It is not clear when and if the previous owners brought the land into production

Leasing fees

Comment on leasing fee

The company paid US$1,200 in surface rental for the period 1 July 2010 - 30 June 2011.

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Comment on contract farming

The corporation is also engaged in a smallholder program for local rubber farmers. In implementing this program, Salala provides budded rubber stumps of variety of clones to local farmers who are selling rubber to Salala. In addition to providing rubber stumps, Salala also provides technical support – (training of tappers, etc.) agricultural tools and chemicals (acid, fertilizers) for local farmers.