SKorea Leases Philippine Farms

Published on 16 July 2009

A South Korean provincial government has leased a major plot of farmland in the central Philippines to grow corn as part of Seoul's bid for food security, officials said.
They said Jeonnam Feedstock, a company set up by South Jeolla province, signed a contract in April to lease 95,000 hectares (231,400 acres) of land for 25 years in Oriental Mindoro province.
Jeonnam Feedstock plans to plant 1,000 hectares of corn for experimental purposes as early as September to produce 10,000 tonnes of feed in the first year.

Related Links

Agence France Presse (AFP)