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Deal #3464 Version #61357

Liberia
Created at
2013-03-25
Last update
2013-07-23
Last full update
2020-07-14

Land area

Intended size
35 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 35000.0 ha
  • [1985] 8000.0 ha
Size in operation (production)
  • [2012, current] 4500.0 ha
Comment on land area
Of the total 35,000 ha: • 4,500 hectares are currently planted with rubber trees, which are to be progressively replanted • 25,500 hectares will be available to extend the CRC plantations • 5,000 hectares will be devoted to the cultivation of rubber by peasant farmers

Intention of investment

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

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
In 2008 the current owner obtained a 60% share in the company. This was extended to 100% in 2012.

Implementation status

Implementation status
  • [2008, current] In operation (production)
Comment on implementation status
Company started operating before 1985 as state-owned enterprise. Privatised in 1985.

Leasing fees

Annual leasing fee
10 000
$
for specified area
Comment on leasing fee
The company paid a total of US$10,000 for surface rental for the period 1 July 2010-30 June 2011

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [current] 5000.0 ha