Indonesia Eyes Building $53 Million Modern Farm on Army Land

Indonesia’s state agriculture firm Agrinas Pangan Nusantara (Persero) is proposing to turn idle land owned by the army into modern farms at a cost of 870 billion rupiah ($53 million) in a bid to jumpstart the national food estate program.

It plans to use the funds to develop the first state-owned modern farm, spanning 12,000 hectares in Baturaja, South Sumatra, said outgoing President Director Joao Angelo de Sousa Mota in an interview on Thursday. Agrinas has yet to receive funding approval from its main shareholder Danantara Indonesia, Mota said.