Deal #4977 Version 70372 Version 70374
Size under contract (leased or purchased area)
  • [2004] 3000.0 ha
  • [2012, current] 9000.0 ha
  • [2003] 1000.0 ha
  • [2004] 3000.0 ha
  • [2012] 9000.0 ha
  • [2021, current] 10000.0 ha
Comment on land area
the investor opened its first farm in Krasnodar in 2004; information on its area size varies: one source refers to 1200 ha, another one to 3000 ha and on to 5000 ha. In 2012, it expanded its landbank by purchasing a 6000 ha farm.
the investor opened its first farm in Krasnodar in 2003; information on its area size varies: one source refers to 1200 ha, another one to 3000 ha and on to 5000 ha. In 2012, it expanded its landbank by purchasing a 6000 ha farm.
Comment on nature of the deal
land bank was also expanded by purchasing a farming company
Negotiation status
  • [1997] Intended (Under negotiation)
  • [2004] Concluded (Contract signed)
  • [2012, current] Concluded (Contract signed)
  • [1997] Intended (Under negotiation)
  • [2003] Concluded (Contract signed)
  • [2012, current] Concluded (Contract signed)
Negative impacts for local communities
Environmental degradation
Comment on negative impacts for local communities
The operating company was fined for exceeding the permissible concentrations of nitrates from 3 to 5 times on the contracted area
Former land owner
State, Community
State, Private (large-scale farm), Community
Crops area/yield/export
  • Sugar beet, Peas, Corn (Maize) [current]
  • Corn (Maize), Peas, Sugar beet [current]
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
two canning plants with the capacity of 220 mln canned jars annually
In-country end products of the project
canned vegetables
Overall comment
The company is more interested in a contract farming system rather than the own production of the crops. However, as a company representative says it's not possible yet because farm's production is not as qualitative enough
Fully updated
No
Yes

Data source #tSUygiTH

Type
Media report
Url
Keep PDF not public
No
Date
2008
Comment on data source
General info about the company

Data source #sxgiKG8_

Type
Company sources
Url
Keep PDF not public
No
Comment on data source
Loan from EBRD

Data source #T5fGzQbu

Type
Government sources
Url
Keep PDF not public
No
Comment on data source
Operating company profile

Data source #zpx3GOgC

Type
Media report
Url
Keep PDF not public
No

Data source #mOXSE9WS

Type
Media report
Url
Keep PDF not public
No
Comment on data source
Land area in 2021

Data source #d5FbbhvM

File
Type
Media report
Url
Keep PDF not public
No
Date
2015
Comment on data source
Environmental degradation

Contract #M2MdvrCN

Duration of the agreement
25 years
15 years
Comment on contract
Lease agreement with company Luch. Contracted area - 1500 ha

Contract #GccCb-Ee

Duration of the agreement
49 years
Comment on contract
Lease agreement with State administration. Contracted area - 2300 ha