Deal #1015

Location #1

Spatial accuracy level
Administrative region
Location
Nizhny Lomov, Penza Oblast, Russia

Target country
Russian Federation
Comment on location
40 000 Ha in the Nizhny Lomov and the Pachelma districts

Location #2

Spatial accuracy level
Administrative region
Location
Belinsky, Penza Oblast, Russia

Target country
Russian Federation
Comment on location
20 000 Ha in the Belinsky district

Location #3

Spatial accuracy level
Administrative region
Location
Pachelma, Penza Oblast, Russia

Target country
Russian Federation

Land area

Intended size (in ha)
150000
Size under contract (leased or purchased area, in ha)
[2010] 65434

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Outright Purchase
Lease
Comment on nature of the deal
"More than 1/3 of the land is in the ownership (or in the process of ownership rights registration) of VF. The other land is leased (or in process of being leased) or 49 years (except 4579 ha which are short-term leases) and with an option to buy after three years." (Social and Environmental Assessment Report 2010: 9)

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)
[2009] Concluded (Contract signed)
Comment on negotiation status
several different contracts; land acquisition (by acquisition of farming companies) started in 2008; in May 2009, the company merged through acquisition with Heartland Farms (UK) which had owned and managed farms since 2000 and this way expanded its land bank to 65 000 ha

Implementation status

Implementation status
[2008] In operation (production)

Contract #1

Duration of the agreement (in years)
49

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
240

Operating company

Operating company
Comment on investment chain
different primaries/companies involved in land acquisition, holding and management. Volga Farming was founded by the Swedish National Pension Fund in 2007 and is registered in Cyprus. In 2015, Volga Farming's landbank was bought by Agsen Property. It is not clear whether only the land bank was bought, or the company as a whole and if Volga Farming is, thus, still involved in land holding and management.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Research Paper / Policy Report
File
Date
2011-01-01
Comment on data source
Land grabbing in post-Soviet Eurasia: the world’s largest agricultural land reserves at stake" by Oane Visser

Data source #2

Data source type
Company sources
File
Date
2010-01-01

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Media report
File
Date
2008-10-03

Data source #5

Data source type
Media report
File
Comment on data source
accessed: 2016-01-19

Data source #6

Data source type
Media report
File
Date
2015-07-07

Data source #7

Data source type
Government sources
File
Date
2016-01-01

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
compensation for loss of assets and ensuring that resettlement activities are implemented. But company ensure that no assets have been lost…

Promised benefits for local communities

Promised benefits for local communities
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Capacity Building
Financial Support

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Barley, Oil Seeds (unspecified), Rye, Sun Flower, Wheat

Use of produce

Has domestic use
Yes
Has export
Yes

Water extraction envisaged

Water extraction envisaged
Yes

Source of water extraction

Source of water extraction
Surface water (River, Lake)

Overall comment

Overall comment
The company named as the primary, Volga Farming, was founded by the Swedish National Pension Fund in 2007 and is registered in Cyprus. In 2015, Volga Farming's landbank was bought by Agsen Property. To date, given few information it is not clear whether only the land bank was bought, or the company as a whole and if Volga Farming is, thus, still involved in land holding and management.

Jan. 19, 2016, 1:40 p.m.

overwritten

This version

Compare with previous version

Jan. 19, 2016, 1:34 p.m.

overwritten

Show this version

Compare with previous version

Jan. 9, 2014, 3:36 p.m.

overwritten

Show this version

Compare with previous version

Jan. 9, 2014, 3:35 p.m.

overwritten

Show this version

Compare with previous version

Aug. 28, 2013, 4:39 p.m.

overwritten

Show this version

Compare with previous version

Feb. 15, 2013, 5:01 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.