Deal #6856

Location #1

Spatial accuracy level
Approximate location
Location
Agusan del Sur, Philippines

Target country
Philippines

Land area

Intended size (in ha)
3953.6
Size under contract (leased or purchased area, in ha)
[1998, current] 3954
Size in operation (production, in ha)
[1998, current] 3954

Intention of investment

Intention of investment
[1998, current] Biofuels (3954 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
AVA with Agribusiness Venture Arrangement with National Guthrie Estates, Inc., Multi-purpose Cooperative (NGEI-MPC).

Negotiation status

Negotiation status
[1990-03-07] Concluded (Contract signed)

Implementation status

Implementation status
[1998, current] In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
[1998, current] 3954

Contract #1

Contract date
1998
Contract expiration date
2032
Duration of the agreement (in years)
34
Comment on contract
The investor has two 34-year contracts with National Guthrie Estates, Inc., Multi-purpose Cooperative (NGEI-MPC).

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[current] 937

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 (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] Oil Palm (3954 ha)

March 31, 2019, 3:34 p.m.

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