Black Earth Farming
Lua error in Module:Infobox at line 314: malformed pattern (missing ']').Black Earth Farming is a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest.[3] It controls more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region.[2] Their business goal has 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 is sometimes described as a land grab company.[1][4]
They have 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]
References
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1 Millicom was co-founder in 1982, owning 15%. 2 Merged with Kinnevik in reverse acquisition transactions.
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