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Deal #3746 Version #63286

Côte d'Ivoire

Created at

2013-05-29

Last update

2020-05-26

Last full update

2016-09-21

Land area

Intended size

34 424 ha

Size under contract (leased or purchased area)

[1969] 34424.0 ha
[1995, current] 34712.0 ha

Size in operation (production)

[2010] 15931.0 ha
[2014] 23908.0 ha
[2019, current] 23921.0 ha

Comment on land area

In 2019: 16,432ha rubber and 7,489ha oil palm. 16437ha rubber, 7471 ha of oil palm

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Nature of the deal

Lease

Negotiation status

[1995, current] Concluded (Contract signed)

Implementation status

[1979, current] In operation (production)

Leasing fees

Annual leasing fee

300

CFA Franc BCEAO

per ha

Comment on leasing fee

300 FCFA/hectare

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[2018, current] 4316

Comment on contract farming

According to the company's traceability reports, SoGB sourced oil palm from 93 smallholders and rubber from 4,268 smallholders in 2018. SoGB is also involved in the production and purchase from local farmers who run village rubber tree plantations. Typically, a development bank will finance the village plantations’ start up costs with the help of SoGB. Once they begin producing rubber, SoGB buys all the rubber, enabling the village farmers to have a substantial, constant revenue all year and to repay the development loans. An oil palm tree smallholders’ programme will be initiated. The development banks involved in this scheme are AFD (Agence Française de Développement), FISDES (Fonds Ivoiro-Suisse de Développement Economique et Social) and DEG (Deutsche Investions Und Entwicklungsgesellschaft). Smallholder produce over 50% of the rubber.