Deal #6861

Location #1

Spatial accuracy level
Approximate location
Location
Davao del Norte, Philippines

Target country
Philippines

Land area

Intended size (in ha)
746.45
Size under contract (leased or purchased area, in ha)
[2003] 747
Size in operation (production, in ha)
[2003] 747

Intention of investment

Intention of the investment
Agriculture unspecified (747 ha)

Nature of the deal

Nature of the deal
Pure contract farming
Comment on nature of the deal
AVA with Diamond Farms, ARBs MPC (DARBMUPCO)

Negotiation status

Negotiation status
[2003-06] Concluded (Contract signed)

Implementation status

Implementation status
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)
[2003] 747

Contract #1

Contract date
2003
Contract expiration date
2008
Duration of the agreement (in years)
5
Comment on contract
In Davao del Norte, the investor is in partnership with Sumifru Corporation where they have a 5-year contract with Diamond Farms, ARBs MPC (DARBMUPCO). Note that there is the chance for it to be extended up to 25 years since land lease agreements are usually 25 years in terms of length.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
651
Current number of jobs (total)
[2003] 651

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
[2003] Banana (747 ha)

March 31, 2019, 5:40 p.m.

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