Black Earth Farming

Black Earth Farming
Company typePublic
Nasdaq Stockholm: BEF SDB
IndustryAgriculture
FoundedRussia (2005)[1]
FounderMichel Orlov[1]
Defunct2019
Headquarters
Russia
Key people
Richard Warburton (CEO)
231m roubles[2]
SubsidiariesLLC Managing Company AGRO-Invest
Websitewww.blackearthfarming.com

Black Earth Farming was a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest.[3] It controlled 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 had 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]

The company sold all its assets and entered voluntary liquidation in 2019.[6]

References

  1. ^ a b c d Fred Pearce (29 May 2012). The Land Grabbers: The New Fight over Who Owns the Earth. Beacon Press. pp. 134–136. ISBN 978-0-8070-0325-1. Retrieved 15 June 2013.
  2. ^ a b c "First-ever profit sends Black Earth shares soaring". AgriMoney. 28 Feb 2013. Archived from the original on 30 July 2013. Retrieved 2013-06-15.
  3. ^ "Company Overview of OOO Management Company AGROInvest". www.bloomberg.com. Retrieved 11 February 2016.
  4. ^ Global Issues: Selections from CQ Researcher. Cq Press. June 2012. pp. 92. ISBN 978-1-4522-2670-5. Retrieved 15 June 2013.
  5. ^ "History of Black Earth Farming". blackearthfarming.com. Retrieved 2013-07-09.
  6. ^ "BEF | News Releases". www.blackearthfarming.com. Archived from the original on 2019-03-14.