Deal #6724

Location #1

Spatial accuracy level
Approximate location
Location
Davao Region, Philippines

Target country
Philippines
Comment on location
Compostela Valley and Davao del Norte

Land area

Intended size (in ha)
1940.28
Size under contract (leased or purchased area, in ha)
[2013, current] 1940
Size in operation (production, in ha)
[2013, current] 1940
Comment on land area
Compostela Valley (910 ha) and Davao del Norte (1030 ha).

Intention of investment

Intention of investment
[2013, current] Food crops (1940 ha)

Nature of the deal

Nature of the deal
Pure contract farming
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
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased area (out-grower, in ha)
[current] 1940

Contract #1

Contract date
2013
Contract expiration date
2018
Duration of the agreement (in years)
5
Comment on contract
The investor has 5-year contracts with Checkered Farms ARB MPC (CFARBEMPCO) and Soriano farms ARBs Multipurpose Cooperative (SFARBEMCO) from 2013-2018 and 10-year contracts with DAPCO ARBs Cooperative (DARBCO), Magatos ARB Multi-purpose Cooperative (MARBMCO), AMS Kapalong ARB MPC (AMSKARBEMCO), and Mampising CARP Benficiries Cooperative (MCBCI). In North Cotabato, it has a 20-year contract with individual ARBs. The investor also has a 25-year contract with Tagnanan CARP Beneficiaries Coop, Inc. (TCBCI). These contracts are upon renewal upon expiration.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
1552
Current number of jobs (total)
[current] 1552

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)

Former land use

Former land use
Smallholder agriculture

Detailed crop, animal and mineral information

Crops area
[current] Banana (1940 ha)

Overall comment

Overall comment
This entry combined AVAs of the investor/ company has with private smallholders across Compostela Valley and Davao del Norte.

March 31, 2019, 3:21 p.m.

overwritten

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Feb. 1, 2019, 9:55 a.m.

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