Deal #6764

Location #1

Spatial accuracy level
Exact location
Location
Alabel, Sarangani, Philippines

Latitude
6.1850325
Longitude
125.34662530000003
Target country
Philippines

Land area

Intended size (in ha)
86.82
Size under contract (leased or purchased area, in ha)
[2013, current] 87
Size in operation (production, in ha)
[2013, current] 87

Intention of investment

Intention of investment
[2013, current] Food crops (87 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
In AVA with individual ARBs.

Negotiation status

Negotiation status
[2013-04] Concluded (Contract signed)

Implementation status

Implementation status
[2013, current] In operation (production)

Leasing fees

Annual leasing fee
10000
Annual leasing fee currency
Philippine Peso (₱)
Annual leasing fee type
per ha
Comment on leasing fees
1st yr -P10,000 2nd yr-5th yr-P20,000 6th yr-10th yr - P21,000 11th yr-5th yr- P22, 000 16th yr-20th yr- 23,000 21st yr-25th yr -P24,000

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
[current] 87

Contract #1

Contract date
2013-03
Contract expiration date
2038-03
Duration of the agreement (in years)
25

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
44
Current number of jobs (total)
[current] 44

Operating company

Operating company

 

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Data source #1

Data source type
Research Paper / Policy Report
Publication title
Multi-sectoral study on the Agribusiness Venture Arrangement 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 it is an AVA, the individual ARBs remain owners of the land.

Former land use

Former land use
Smallholder agriculture

Detailed crop, animal and mineral information

Crops area
[current] Banana (87 ha)

March 17, 2019, 6:17 p.m.

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Feb. 7, 2019, 12:45 p.m.

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