The Role Of Terms And Conditions In Agricultural Investment Contracts In Achieving Food Security

Abstract

Public sector agricultural land is undoubtedly among the most valuable assets in the country because it is the center of economic and social development. This means that although it must be properly managed to achieve its intended purposes, it must also be used logically and purposefully in order to achieve and ensure food security, and to attract investment. For this reason, the State has taken possession of these lands, annexing them to its own property and establishing special rules for them which determine how they shall be protected and exploited. Alternatively, the rules may have provided that the only and exclusive way to exploit agricultural land belonging to the private property of the State is through the granting of concessions. It is a single legal instrument for the concession contract based on a carefully drafted terms and conditions specifying all rights and responsibilities. This gives the agricultural investor clarity when it comes to using the land and achieving the fruits of his investments, which undoubtedly enhances agricultural investment. Keywords: Conditions document, Food security, Agricultural investment, Agricultural concession contract.