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Deal #6722

Location #1

Spatial accuracy level
Approximate location
Location
Bukidnon, Philippines

Target country
Philippines

Land area

Intended size (in ha)
457.6
Size under contract (leased or purchased area, in ha)
[current] 458
Size in operation (production, in ha)
[current] 458

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
Agribusiness Venture Arrangement with Ilaw Ta Dagumbaan Farmer Association (ITDAFA), First Agrarian Reform Beneficiaries Cooperative (FARBECO), and 33 ARBs.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
[current] In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
[current] 458

Contract #1

Contract date
2005-01-07
Contract expiration date
2030-01-07
Duration of the agreement (in years)
25
Comment on contract
The investor has 25-year contracts with 14 members of FARBECO.

Contract #2

Contract date
2004-08-04
Contract expiration date
2029-08-23
Duration of the agreement (in years)
25
Comment on contract
The investor has 25-year contracts with 20 members of ITDAFA

Contract #3

Contract date
2005
Contract expiration date
2020
Duration of the agreement (in years)
15
Comment on contract
The investor has 15-year contracts with 31 individual ARBs with the indicated details. Note, however, that there is the chance for it to be extended up to 25 years since land lease agreements are usually 25 years in terms of length. The investor also has 25-year contracts with 2 more individual ARBs (i.e. 2002 to 2027 and 2003 to 2027). These contracts are upon renewal for another 25 years on expiration.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
4147
Current number of jobs (total)
[current] 4147

Operating company

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Publication title
Multi-sectoral study on the Agribusiness Venture Arrangement (AVA) policy and implementation under the Comprehensive Agrarian Reform Program
Date
2016

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Comment on former land owner
Since these lands are in AVA, FARBECO, ITDAFA, and individual ARBs remain the owners of the land.

Former land use

Former land use
Smallholder agriculture

Detailed crop, animal and mineral information

Crops area
[current] Banana (458 ha)

Overall comment

Overall comment
This entry combined AVAs of the investor/company has with private smallholders across Bukidnon.

March 17, 2019, 5:33 p.m.

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Feb. 1, 2019, 9:15 a.m.

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