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.
Black Earth Farming sells 28,000 ha of farmlands in Voronezh, Russia to company owned by Ukrainian oligarch Oleg Bakhmatyuk and US grain trader Cargill.
- Global Newswire
03 Apr 2014
The Russian farm operator unveiled a loss of $18.1m for 2013, compared with earnings of $7.49m in 2012 – the only profitable year in the company's nine year history.
Mikhail Orlov, after having sold his Russian farming operations and shifted focus to Zambia, is back with a 4,800 cow dairy farm project in Chechnya.
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.
Agriculture has scarred some big hitters in the investment world. Many are now wary of a sector that is at the mercy of fickle weather, political risk and quixotic governments.
- Offshore Corporate
27 Jan 2013
Russian farm operator says it signed a 3-yr deal with PepsiCo to provide potatoes and sunflower seed for use in making Frito-Lay crisps, besides sugar beet for other products.
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.
Los fondos de pensiones pueden ser uno de los pocos tipos de acaparadores de tierras que los trabajadores pueden desbaratar, por el sólo hecho que ellos son los dueños del dinero