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Black Earth Farming

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Black Earth Farming
Company typePublic
Traded asNasdaq Stockholm: BEF SDB
IndustryAgriculture
FoundedRussia (2005)
FounderMichel Orlov
Defunct2019
HeadquartersRussia
Key peopleRichard Warburton (CEO)
Net income231m roubles
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. It controlled more than 3,000 square kilometres (1,200 sq mi) of land in the Black Earth Region. 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. It is sometimes described as a land grab company.

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.

The company raised its initial funding from the family backed Swedish investment companies Vostok Nafta and Kinnevik who remain major shareholders.

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

References

  1. ^ 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. ^ "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.

External links

Kinnevik Group
Listed companies
Brands and subsidiaries
Former holdings
People
 Millicom was co-founder in 1982, owning 15%.   Merged with Kinnevik in reverse acquisition transactions.
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