The government of Denmark has signed a Memorandum of Understanding (MOU) with the Agriculture Ministry of Indonesia outlining an investment of a minimum Rp 2 trillion (US$152.7 million) over the next five years in Indonesia’s agriculture sector, reports the Jakarta Post. Under the terms of the agreement signed by Indonesian Agriculture Minister Amran Sulaiman and Denmarks Food and Agriculture Minister Esben Lunde Larsen, Indonesia will commit two million hectares of land for the investment while Denmark will supply agricultural technology and expertise, according to Customs Today.

Of the two million hectares located in Southeast Sulawesi, Kalimantan, West Nusa Tenggara, and East Nusa Tenggara, one million will be earmarked for live cattle operations, while the remaining one million hectares to be split evenly between corn plantations and sugarcane plantations.

Denmark’s Larsen who is in Indonesia for a series of meetings has invited his Indonesian counterpart and his staff to travel to Denmark during the beginning stages of the partnership. “We will demonstrate the technologies being used in Denmark. We have high respect for the people of Indonesia, and we want to realize it by improving the quality of their agricultural produce, especially for the farmers,” Minister Larsen told Antara News.

Denmark has committed a previous investment of Rp 2 trillion (US$152.7 million) in Indonesian agriculture, but Indonesia’s Agriculture Minister requested it be doubled.

“We have great interest in poultry, pig meat, and dairy. Also, we have the technology to improve the production of individual farmers,” Minister Larsen told The Jakarta Post.