Megafarms linked to Russia's political elite boom, fuelling fears for smallholders
- Reuters
- 13 May 2017
Russia's five largest landowners together control an area the size of Belgium - which has been bad news for many small farmers
Russia's five largest landowners together control an area the size of Belgium - which has been bad news for many small farmers
Company belonging to the immediate relatives of Russia's Minister of Agriculture acquired 184,000 ha of land in 2016, increasing its Russian land holdings to 640,000 ha..
Report gives an overview of the availability of information for land concessions in Brazil, Canada, Cambodia, Colombia, Indonesia, Liberia, Madagascar, Malaysia, Mexico, Myanmar, Papua New Guinea, Peru, Republic of the Congo, and Russia.
Russia's sovereign wealth fund and the Israeli investment company LR Group have agreed to co-invest $100 million into dairy farming and milk processing in Russia.
Russia's farmland market remains attractive to investors, both foreign and domestic, despite the apparent snub presented by Black Earth Farming's decision to quit, with prices soaring by up to 60% last year.
Black Earth Farming revealed it had agreed, in essence, a $200m takeover by a Russia's Kukura family in the most high profile of a series of retreats by foreign investors from the Black Sea agricultural market.
The Nigerian government extended an invitation to Russians to take advantage of the country’s arable land to produce and export agricultural products.
The Russian Direct Investment Fund (RDIF) and Abu Dhabi's Mubadala Development Company have confirmed plans for their joint investment in two of Russia's largest agricultural and food companies.
Sino-Russian fund of agricultural development is exploring the possibility of financing 17 agricultural enterprises in Russia’s Far East, with a decision to provide four projects with $480 million in funds soon to be taken.
The memorandum calls for establishing a major logistics corridor consisting of 30 facilities, including a grain terminal and 29 elevators in various parts of Russia to support shipments.
Trigon Agri shares tumbled 11%, matching their record low, after the former Soviet Union farm operator unveiled a widening in losses and weakening in its balance sheet, and termed 2016 a "year of challenges".
State-backed Russia Direct Investment Fund announced plans on Wednesday to sign an agreement with Thailand's Charoen Pokphand Group on joint investments in the construction of a $1 billion milk and dairy complex in the Ryazan region of Russia.