Black Earth Farming

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Black Earth Farming
Type Public
Traded as OMX: BEF SDB
Industry Agriculture
Founded Russia (2005)[1]
Founder(s) Michel Orlov[1]
Headquarters Russia
Key people Richard Warburton (CEO)
Net income 231m roubles[2]
Website www.blackearthfarming.com
Black Earth Farming is a public, investment-run agriculture business based in Russia. It controls more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region.[2] Their business goal has been described as the acquisition of "cheap, neglected, but fertile land in the fertile Black Earth regions of Russia" by CEO Richard Warburton.[1] It is sometimes described as a land grab company.[1][3]

They have a contract with PepsiCo, growing sugar beets and potatoes for them. Other crops include winter wheat, oilseeds, and a variety of other grains.[2]

The company raised its initial funding from the family backed Swedish investment companies Vostok Nafta and Kinnevik who remain major shareholders.[4]

References

  1. ↑ 1.0 1.1 1.2 1.3 Fred Pearce (29 May 2012). The Land Grabbers: The New Fight over Who Owns the Earth. Beacon Press. pp. 134–136. ISBN 978-0-8070-0325-1. Retrieved 15 June 2013. 
  2. ↑ 2.0 2.1 2.2 "First-ever profit sends Black Earth shares soaring". AgriMoney. 28 Feb 2013. Retrieved 2013-06-15. 
  3. ↑ Global Issues: Selections from CQ Researcher. Cq Press. June 2012. p. 92. ISBN 978-1-4522-2670-5. Retrieved 15 June 2013. 
  4. ↑ "History of Black Earth Farming". blackearthfarming.com. Retrieved 2013-07-09. 

External links

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