Deal #4338

Location #1

Spatial accuracy level
Administrative region
Location
Tambov, Tambov Oblast, Russia

Target country
Russian Federation

Land area

Size under contract (leased or purchased area, in ha)
[2014] 126800
[2015] 85419
Size in operation (production, in ha)
[2014] 42200
[2015] 62387
Comment on land area
info on area under contract is derived from the company website which states that the company controls 88600 ha and owns 72600 ha in the region (http://www.blackearthfarming.com/where.html ) The company usually leases and purchases land.

Intention of investment

Intention of investment
Food crops, Agriculture unspecified

Nature of the deal

Nature of the deal
Outright Purchase
Lease

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)
[2017] Concluded (Contract signed)
Comment on negotiation status
IN 2017 this company changed the primary and secondary investor

Implementation status

Implementation status
[2005] Startup phase (no production)
[2008] In operation (production)
[2017] In operation (production)
Comment on implementation status
Project was operational when the new investor took the land over in 2017.

Purchase price

Comment on purchase price
Total price was 184mln US dollars in cash

Number of domestic jobs created

Jobs created (domestic)
Yes
Comment on jobs created (domestic)
the local government complains that the projects created few jobs, due to use of efficient farm machines

Operating company

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2011-01-01

Data source #2

Data source type
Media report
File
Date
2014-06-24

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File
Date
2017-03-23

Data source #5

Data source type
Media report
File
Date
2017-02-13

Data source #6

Data source type
Media report
File
Date
2014-04-07

Data source #7

Data source type
Company sources
File
Date
2014-04-04

Data source #8

Data source type
Company sources
File
Date
2014-04-11

Data source #9

Data source type
Media report
File
Date
2008-07-28

Data source #10

Data source type
Company sources
File
Date
2007-09-30

Data source #11

Data source type
Company sources
File
Date
2009-12-01

How did the community react?

Community reaction
Consent

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Community
Comment on former land owner
the company gradually bought up land shares and farm enterprises through its Russian based subsidiary Agroinvest. The land was collective farmland. Black Earth Farming Ltd was the Secondary investor to 2017.

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland
Marginal land

Detailed crop, animal and mineral information

Crops area
Barley, Wheat

June 15, 2018, 3:10 p.m.

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May 17, 2018, 4:55 p.m.

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March 29, 2017, 2:04 p.m.

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Jan. 19, 2016, 2:16 p.m.

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Jan. 8, 2015, 1:04 p.m.

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May 12, 2014, 3:28 p.m.

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May 7, 2014, 2:57 p.m.

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