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A new company is to provide International farming management and transfer of technology to Russia. New Europe Agricultural Limited (NEA), a farming management company comprising both English and Russian executives with over a decade of farming and management expertise in Russia, has recently signed a management contract on 80,000 hectares in the ‘Black Earth’ region of Russia.
This forms part of its ongoing corporate strategy to manage 500,000 hectares of fertile farmland in the Black Earth region. NEA’s management team includes Aleksei Permitine, who is managing director of Krasny Selo Group plc.The company intends to build on Permitine’s extensive government relations at national and local levels in Russia, as well as direct industry contacts with farm owners and funding institutions. Permitine says: “NEA will manage farms for and on behalf of the Krasny Selo Group and other landowners both Russian and International. This utilizes the team’s management expertise in the farming and property sectors to provide proficiency in acquisitions and considerable practical experience to the Russian agricultural arena." Mark Lewis, production director of NEA believes that the development of motivated, efficient management and the practical day to day application of international advances in yields and techniques are major factors influencing the future success of Russian agriculture. He says: “Training and skills transfer is a key element of our planning. NEA management will provide training and intellectual transfer of technology at a local level in order to bring production yields and quality up to European levels.” Krasny Selo has initiated discussions with a large Russian bank interested in co-investment and debt provision into the agricultural sector of the Russian economy in concert with Krasny Selo and international investors. Krasny Selo Group farms land in the fertile Black Earth region of Russia and has a strong market position in the Penza, Tambov, Lipetsk and Voronezh oblasts. It is currently managing more than 100,000 hectares of some of the world's most fertile soils. In 2008, NEA managed approximately 40,000 hectares and during 2009 it aims to have more than 150,000 hectares under management, effectively making it one of the world's largest, hands-on, farm management companies. For more information on NEA, Christopher Downing, business development director, New Europe Agricultural Ltd can be emailed on:
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and Aleksei Permitine, Managing Director Krasny Selo Group:
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