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.
Kinnevik, the investment group which is the biggest investor in Black Earth Farming, revealed that it is to sell its Polish farm to cash in on gains in land prices, and bankroll "other opportunities in emerging markets further east".
"I’ve put together a table with what I think are the main Swedish land investments in Russia and Ukraine," writes Brian Kuns. "In doing this, I ran into some of the known difficulties associated with monitoring the phenomenon of large-scale land-acquisition."
The Russian farm operator - which controls a landbank of more than 3,000 square kilometres - underlines importance of 3-yr supply deal with PepsiCo, to grow beet for sugar and potatoes for making crisps.
Les fonds de pension sont peut-être l’une des rares catégories d’accapareurs de terres auxquelles les gens peuvent couper l’herbe sous le pied, pour la bonne et simple raison que c’est de leur argent qu’il s’agit.