Deal #9445

Serbia
Created at
2022-05-12
Last update
2022-06-08
Last full update
2022-05-12

Land area

Size under contract (leased or purchased area)
  • [2017] 38000 ha
  • [2021, current] 24000 ha

Intention of investment

Intention of investment
  • Food crops
  • [2021, current] Food crops, Biomass for biofuels
Comment on intention of investment
sugar production and biogas power plant

Nature of the deal

Comment on nature of the deal
No info regarding nature of the deal

Negotiation status

Negotiation status
  • [2005, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
The project was operational before investor took over the land and company

Contract farming

Contract farming
Yes
Comment on contract farming
The company cooperates with around 1,000 subcontractors in Serbia. On average, according to Radenkovic, they earn around EUR 1,100 per hectare. For 2022, the company offers a price of 40 euros per ton of payable sugar beet with a bonus for producers who achieve above-average digestion