Founder Michel Orlov Headquarters Jersey | Industry Agriculture Net income 231m roubles Founded 2005 | |
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Traded as Nasdaq Stockholm: BEF SDB Key people Richard Warburton (CEO) Stock price BLERF (OTCMKTS) US$ 0.76 +0.02 (+2.70%)22 Feb, 4:00 PM GMT-5 - Disclaimer | ||
Black Earth Farming is a public, investment-run agriculture business based in Russia, operating as LLC Managing Company AGRO-Invest. It controls 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 have 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.
References
Black Earth Farming Wikipedia(Text) CC BY-SA