About Black Earth Farming
Black Earth Farming (“BEF”) was established in 2005 and was among the first foreign-financed companies that undertook considerable investments in the Russian agricultural sector. Because of its early establishment, the Company holds ownership of an impressive land bank of first class soil in several Russian regions and is a major producer of grains and oilseeds. The Company’s focus is now on increasing productivity from its current asset base to become the best-in-class agro industrial company in terms of costs and operating efficiency. As of 31 December 2012 BEF has 308,000 hectares under control of which 81% is fully owned with 230,000 hectares in production.