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But its $12.2 million valuation on the property looks awfully high to some land experts.
Filing an annual tax cert appeal is routine for big companies, which typically own large and expensive parcels of land, experts say.
While no law on religious land use exists, the wealthy Catholic Church faces no difficulty acquiring land, experts in law and religion say.
Land experts say the government is certainly not the only entity to blame for the slow pace of land redistribution, a program that has been endorsed by the World Bank, the British government and other foreign donors.
Despite repeated threats over 20 years, and a bitter campaign for a constitutional amendment on the issue, the government has never seized any property without paying for it, land experts and commercial farmers say.
Independent land experts and bankers agree with the government that some of Buganda's land claims are hard to prove but add that the land law is full of inconsistencies.By hook or by crookMr Museveni may be trying to split the Baganda's vote before the next elections, due in 2011.
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Even at today's deflated prices, the property that secures them is worth ¥157 trillion $1.2 trillionn), estimates Tokunosuke Hasegawa, a land expert at Meikai University.
According to Jeffrey McCarthy, a land expert for CDE, a think-tank, "government has the right policies, but they are not being executed with sufficient vigour or refinement".
But Sam Moyo, a land expert in Zimbabwe, said he was optimistic that all sides were now working toward a reasonable and orderly land redistribution program.
"When all is said and done, who are they to decide that historical injustices should play second fiddle to the problems on the farms?" said Sam Moyo, a highly regarded land expert who is helping Zimbabwe's government negotiate with the white farmers union.
In an off-the-record interview with a Colombian land expert at the beginning of August, I was told "Santos will do whatever he can now to sidestep land distribution cases like Cargill and Bellacruz by marginalizing Incoder and re-emphasizing his 2009-10 campromisesomises to champion large-scale investments by the agro-industry.
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