Food Estates to be Developed

Wednesday, 19 November, 2008 | 17:04 WIB 

TEMPO Interactive, Jakarta: The government will develop food estates in order to increase food production as well as to cover interest in investing in the food sector. 

“We are completing the regulation. Some investors are interested already,” said Bayu Khrisnamurti, a Deputy to the Coordinating Minister for the Economy in the Division of Agriculture and Naval Affairs, at his office yesterday (18/11). 

Bayu cites that matters to be regulated would cover the maximum side of land, the business period, the subsidy usage for entrepreneurs, credit facilities, and the maximum share that foreign companies can own. 

It is expected that the regulation will be completed next year. 

“This is to protect small farmers,” he said. 

GUNANTO ES