Richard Spinks of Landkom snaps up Ukraine plots to cash in on high crop prices
- Wall Street Journal
- 18 May 2008
A British entrepreneur is leasing land from smallholders in an attempt to revive the breadbasket of the former Soviet Union
A British entrepreneur is leasing land from smallholders in an attempt to revive the breadbasket of the former Soviet Union
Landkom has leased 165,000 acres from thousands of landowners in Ukraine and will reap its first big harvest this year.
China's fast-growing farm corporations may be the next wave of Chinese investors in Australia, joining their already influential mining comrades.
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
Hundreds of farmers in Northwest China are expected to toil the soil in the neighboring Republic of Kazakhstan next spring. "We have signed a deal with Kazakhstan to rent 7,000 hectares of land in Alakol county for use for 10 years," a local agricultural official said.