Philippines

Tillers seek probe of $300 M land lease deal with Bahrain

The militant peasant group Kilusang Magbubukid ng Pilipinas (KMP) today called on the House of Representatives’ committees on agrarian reform and agriculture to conduct a probe and shoot down a $300-million land lease deal the government entered into with Bahrain.

Bahrain firm inks $50m Philippines farm deal

Bahrain’s Nadir and Ibrahim Sons of Hassan Group has signed a $50 million agriculture investment deal with AMA Group Holdings to use public land to grow crops including sugar, rice and bananas.

Cargill unit offers to buy 28% of AgriNurture

Black River Capital Partners Fund (Food) LP, a fund managed by the private equity arm of US agribusiness and trading giant Cargill, has offered to acquire 28.11 percent of Philippine fruit and vegetable grower AgriNurture Inc. for $30.4 million.

Gov’t reviewing big land-lease deals

Lease contracts covering millions of hectares of agricultural lands signed by the Philippines Department of Agriculture with foreign entities during the Arroyo administration are currently being reviewed to determine if they are in accord with the current administration’s food security plan.

SMC urged to tap contract farmers

The Philippines agriculture department plans to persuade San Miguel Corp to resort to contract growing instead of leasing state land when it undertakes a planned farming venture.