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Deal #427

Location #1

Location
Isabela, Cagayan Valley

Target country
Philippines
Comment on location
Isabela, Cagayan Valley

Land area

Intended size (in ha)
100

Intention of investment

Intention of the investment
Non-food agricultural commodities

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2008] Concluded (Oral Agreement)

Implementation status

Implementation status
[2008] Startup phase (no production)
Project abandoned

Contract #1

Duration of the agreement (in years)
25

Operating company

Comment on investment chain
Domestic partners: SL Agritech Corp.

 

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Data source #1

Data source type
Personal information
Date
2011-01-01
Includes in-country-verified information
Yes
Comment on data source
GIZ field information

Data source #2

Data source type
Personal information
Includes in-country-verified information
Yes

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Comment on community reaction
agreement signed by coop members

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
PROMISED: Php20,000/ha or $444 @ Php45=$1 by the 25th year; RECEIVED: Php2,500/ha or $55.5 @ Php45=$1

Promised benefits for local communities

Promised benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...)

Former land use

Former land use
Smallholder agriculture
Pastoralism

Former land cover

Former land cover
Shrub land/Grassland (Rangeland)

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Sorghum

Use of produce

Has domestic use
Yes
Has export
Yes

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: Publically verifiable source info missing (see reviewer's comments). Find. Import of error check - Reviewer's overview comment: source paper "Private Land Investments for Food & Biofuels" by Riza Bernabe not found Import of other remarks regarding the investment: Lands involved are those owned by members of 2 cooperatives with which the company signed the lease agreement.

July 7, 2015, 4:55 p.m.

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Aug. 9, 2013, 2:02 p.m.

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Feb. 15, 2013, 4:59 p.m.

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