Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egyptian Countryside Development chief discusses cooperation with Italian ambassador    CIB completes fifth securitisation issuance for B.TECH worth EGP 859.4m    Madbouly reviews legalisation of newly annexed lands to new cities, housing offerings    Nigeria endorses El-Anany for UNESCO amid closer economic links with Egypt    Roche helps Egypt expand digital pathology and AI diagnostics    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egyptian pound shows stability in Sunday trading    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt exports 175K tons of food in one week    Egypt, Somalia discuss closer environmental cooperation    Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Egypt's EDA explores pharma cooperation with Belarus    Egypt expresses condolences to Iraq over fire tragedy    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



6th October Agriculture Company outlines land leasing
Published in Daily News Egypt on 16 - 11 - 2014

Director of Tenants Affairs for the 6th October Company for Agriculture Products, Mahmoud Ali, revealed that 4,000 acres of the company's land was leased to Mixland and Shabrawy. The land was used to produce 6,000 tons of peanuts, noting that 40% of Egypt's peanut exports come from Al-Salhiya in the Nile Delta.
He also noted that Daltex, Al-Alamia for Trading, Nahdet Misr and several other companies have contracted with the company to cultivate 8,000 acres of potatoes this season.
Approximately 5,000 acres of citrus crops lands were rented to the El-Gebaly Company for 15 years. Other lands will soon be leased to Daltex, SONAC, Egast and Al-Alamia Trading on the condition the investor provide a drip irrigation network, according to Ali.
Ali added that El-Gebaly Company has rented an additional 1,400 acres of citrus and another 1,400 of mangoes for five years, noting that a number of investors have rented already-cultivated lands for periods ranging between three to five years.
He said that the company has already begun signing rental contracts with a number of companies specialised in cultivating crops, like Maltex, SONAC, EGAS Agricultural for Seed Production, Agrualex Trading and Nahdet Misr.
Ali added that the company is considering leasing land to Agrualex for 10 years, to cultivate potatoes and establish a station for gather and preparing the products for export.
The company itself currently cultivates 30% of its lands itself and leases the remaining 70%. The land is leased using three financial systems: the first involves the company cultivating the land, the second, leasing the land to other companies, and the third, cultivating in cooperation with investors.
Ali said crops rented or cultivated in partnership with others are subject to the supervision of the company's engineers. This ensures that fertilisers or pesticides do not harm the soil.
He added that the search for renting companies begins after the agricultural plan is laid out, and the spaces and types of crops that the company plans to cultivate every season are defined. The rental value of proposed plots is decided through conditions of contract. The variation between private and public offering is determined according to the crop, where strategic crops are private.
Ali pointed out that acre rental prices range between EGP 3,000 to EGP 7,000 depending on the crop and the period it takes to grow. The company is responsible for providing water and electricity to tenants, who may rent equipment from the company during harvest season.
He added that the company uses three kinds of rental contracts. The first are long-term contracts, used with for plots on which trees are cultivated that require drip irrigation, and the contract term ranges between 12-15 years. Investors reclaim and cultivate lands themselves for this type of contract, often cultivating citrus crops.
The second kind of contracts are short-term and range between three and five years, through which the trees to be harvested from lands owned by the company are bought. The majority of these crops are sweet fruits, like peach and apricots.
The third kind of contract is a funding rental for exports that provide high-quality seeds and market produce. This occurs on the condition that the company cultivates the land and follows up on the crop through the harvest. Following this, revenues are distributed amongst the parties according to their participation.


Clic here to read the story from its source.