Deal #6723

Location #1

Spatial accuracy level
Approximate location
Location
Cotabato, Philippines

Target country
Philippines
Comment on location
Misamis Oriental, Bukidnon, Davao City, North Cotabato, and South Cotabato.

Land area

Intended size (in ha)
748.47
Size under contract (leased or purchased area, in ha)
[current] 749
Size in operation (production, in ha)
[current] 749
Comment on land area
Misamis Oriental (28.73 ha), Bukidnon (206 ha), Davao City (75.49 ha), North Cotabato (359.25 ha), and South Cotabato (105 ha).

Intention of investment

Intention of the investment
[current] Food crops (749 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Agribusiness Venture Arrangement with ARBOs/POs/ARBs.

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] 749

Contract #1

Contract date
2004
Contract expiration date
2029
Duration of the agreement (in years)
25
Comment on contract
The investor has 10-, 15-, 20-, and 25-year contracts with at least 8 individual ARBs. The investor also has 15-year contract with LIFARCO- Formerly IFPONA PO. 25-year contracts with Bagong Silang Development Farmer Association (BASIDFA) and Biao MPC (BMC) & PCEC-PBEARBAI. ote, however, that there is a chance for contracts with less than 25 year term to be extended up to 25 years since land lease agreements are usually 25 years in terms of length. These contract are upon renewal upon expiration.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
536
Current number of jobs (total)
[current] 536

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, the ARBOs/POs/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 (749 ha)

Overall comment

Overall comment
This entry combined AVAs of the investor/company has with private smallholders across Misamis Oriental, Bukidnon, Davao City, North Cotabato, and South Cotabato.

March 31, 2019, 3:50 p.m.

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