BEF's Operations

Black Earth Farming was established in 2005 and was among the first foreign-financed companies that undertook investments in the Russian agricultural sector. The Company holds ownership of an extensive land bank of first class soil in several Russian regions and is a major producer of grains, oilseeds and potatoes. Black Earth Farming’s current focus is on increasing the productivity and profitability from its existing asset base and to become a best-in-class agro industrial company in terms of production costs per ton. As of 31 December 2016, Black Earth Farming had 246,000 hectares under control, of which 89% were owned. In 2016, a total of 134,000 hectares were cropped. The Company plans to increase cropped area up to 154,000 hectares in 2017.