Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3460

Deal #3460 Version #61301

Liberia
Created at
2013-03-25
Last update
2018-02-01
Last full update
2017-05-26

Land area

Intended size
122 500 ha
Size under contract (leased or purchased area)
  • [1959, current] 122500.0 ha
Size in operation (production)
  • [2012] 13738.0 ha
  • [2015, current] 22000.0 ha
Comment on land area
22000ha of the land is currently under development -4534ha immature trees and 9500ha of mature trees (2015), 6400ha for wetlands and forested areas and the remainder is used for infrastructure. Another data source mentions that the size under contract is only 48562.32 ha. Aiddata mentions 242811.385ha.

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Original lease signed in 1959.

Negotiation status

Negotiation status
  • [1998, current] Concluded (Contract signed)
Comment on negotiation status
The current owners buy a majority share of the company (75%)-1998. In 2001 the remaining 25% is obtained.

Implementation status

Implementation status
  • [1960, current] In operation (production)
Comment on implementation status
The company maintains a nursery of around 40ha.

Leasing fees

Comment on leasing fee
In the period 1 July 2010-30 June 2011 the company only paid US$3,350.70 in surface rental.

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [current] 130
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 555
Comment on contract farming
Socfin purchases latex from smallholders to feed into their processing plant. LAC has provided rubber stumps and bud wood sticks and tapping materials. LAC also provides rental vehicles for rubber collection. The company has also provided technical advice.Total outgrower hectares are 5400ha, it is not clear how this is split between on the lease and not on the lease.