Black Earth Farming

Last updated
Black Earth Farming
Company type Public
Industry Agriculture
Founded2005 (2005) in Russia [1]
FounderMichel Orlov [1]
Defunct2019 (2019)
FateLiquidated
Headquarters
St Helier
,
Jersey
Area served
Russia
Key people
Richard Warburton (CEO)
ProductsLand acquisition, farming
231m roubles [2]  (2013)
Subsidiaries LLC Managing Company AGRO-Invest
Website blackearthfarming.com at the Wayback Machine (archived January 12, 2019)

Black Earth Farming was a foreign investment-run agriculture business based in Russia. The company was registered in the British island of Jersey and operating as LLC Managing Company AGRO-Invest to invest and operate Russian farm land. [3]

Contents

At its peak it controlled more than 3,000 square kilometres (1,200 sq mi) of land in the Central Russian Black Earth Region. [2] Their business goal had 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 was sometimes described as a land grab company. [1] [4] The company was liquidated in 2019.

History

They had 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. [5]

The company sold all its assets and entered voluntary liquidation in 2019. [6]

References

  1. 1 2 3 4 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. 1 2 3 "First-ever profit sends Black Earth shares soaring". AgriMoney. 28 Feb 2013. Archived from the original on 30 July 2013. Retrieved 2013-06-15.
  3. ↑ "Company Overview of OOO Management Company AGROInvest". www.bloomberg.com. Retrieved 11 February 2016.
  4. ↑ Global Issues: Selections from CQ Researcher . Cq Press. June 2012. pp.  92. ISBN   978-1-4522-2670-5 . Retrieved 15 June 2013.
  5. ↑ "History of Black Earth Farming". blackearthfarming.com. Retrieved 2013-07-09.
  6. ↑ "BEF | News Releases". www.blackearthfarming.com. Archived from the original on 2019-03-14.
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