Black Earth Farming : Wikipedia, the free encyclopedia

Black Earth Farming

Black Earth Farming

Company type	Public
Traded as	Nasdaq Stockholm: BEF SDB
Industry	Agriculture
Founded	Russia (2005)^[1]
Founder	Michel Orlov^[1]
Defunct	2019
Headquarters	Russia
Key people	Richard Warburton (CEO)
Net income	231m roubles^[2]
Subsidiaries	LLC Managing Company AGRO-Invest
Website	www.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

^ ^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.
^ ^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.
^ "Company Overview of OOO Management Company AGROInvest". www.bloomberg.com. Retrieved 11 February 2016.
^ Global Issues: Selections from CQ Researcher. Cq Press. June 2012. pp. 92. ISBN 978-1-4522-2670-5. Retrieved 15 June 2013.
^ "History of Black Earth Farming". blackearthfarming.com. Retrieved 2013-07-09.
^ "BEF | News Releases". www.blackearthfarming.com. Archived from the original on 2019-03-14.