Deal #6857

Location #1

Spatial accuracy level
Exact location
Location
Rosario, Agusan del Sur, Philippines

Latitude
8.3126164
Longitude
126.0036149
Target country
Philippines

Land area

Intended size (in ha)
3852
Size under contract (leased or purchased area, in ha)
[1998] 3852
Size in operation (production, in ha)
[1998] 3852

Intention of investment

Intention of investment
[1998] Biofuels (3852 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Arrangement with NGPI Multi-purpose Cooperative.

Negotiation status

Negotiation status
[2014-08-01] Failed (Contract cancelled)
Comment on negotiation status
Some provisions in the contract were not fully implemented( i.e.rent will be released within 90 days every year), BODs and management staff are somehow 80% effective in managing the cooperative.

Implementation status

Implementation status
Project abandoned

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
[1998] 3852

Contract #1

Contract date
1998
Contract expiration date
2032
Duration of the agreement (in years)
34
Comment on contract
Supposed to last for 34 years but contract was terminated on 2014.

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[1998] 1161

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

March 31, 2019, 3:38 p.m.

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