ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Economy

2 companies pioneering purchases of Japanese farmland

OSAKA -- Photo album giant Nakabayashi and home remodeler Sanyo Amnak will become the first businesses to buy Japanese farmland under a new strategic zone regulation aimed at raising agricultural productivity.

Companies engaging in farming usually must lease land from farmers or buy it in joint ventures with them, with the stake capped at less than 50%. A revamped rule that took effect Sept. 1 in Yabu, Hyogo Prefecture, allows for making direct purchases and taking majority stakes over a five-year period.

A local unit of Nakabayashi grows garlic on roughly 4.5 hectares of leased land to supplement core business during the off-peak season. The unit will purchase about 1 hectare of this land. The step is seen facilitating soil improvement and trials aimed at developing new crops.

Sanyo Amnak will raise its stake in a joint venture to purchase land and build rice-polishing facilities there.

The two are already negotiating with landowners, and the transactions are seen closing as early as this year.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media