The general director of IMC, one of the largest agroholdings in Ukraine, Alex Lissitsa has long been known in the Ukrainian agri-food business as a professional lobbyist. Five years ago he left the lobby for big agricultural business, but he keeps an eye on what is generally happening in the industry. Lissitsa, who will give a keynote speech at the upcoming IAMO Forum in June 2018, talks about the main aspects of today’s large scale farming in an interview to LaScalA.
Polish egg producers are concerned about competition with Ukraine after the European Commission allowed the Ukrainian company Avangard to export eggs to the EU. The share of imports of eggs and processed products from Ukraine to the EU is systematically increasing: at the end of 2014 it was 4%, and in 2016 - 50%.
Agroholding HarvEast will launch a seed plant in the Donetsk region of Ukraine in August 2018. Investments before the launch will amount to $ 3 million. Additional investments in logistics and warehouse capacity will amount to another $ 1 million. The plant will produce seeds of sunflowers, peas, lentils, as well as of wheat and barley.
Lincolnshire Field Products operates 7,500 ha in the UK. Since the average farmer in the UK operates 300-700 ha, Lincolnshire Field Products can be called a large farm. The main activities of the company include crop growing (sugar beet, potatoes, vegetables, wheat). The annual turnover of the company is $ 55 million.
In December 2017, the Ukrainian courts removed the arrests from the property and corporate rights of the enterprises of the Agrein agroholding. The criminal proceedings against the agroholding were closed. During the last two years Agrein has been the largest supplier of corn and wheat under the forward contracts of Syngenta in Ukraine.
The European Bank for Reconstruction and Development (EBRD) issued a loan of $ 50 million for seven years to improve the logistics infrastructure of the Ukrainian agroholding Nibulon. This loan is part of a broader investment program of $ 200 million, which is aimed at developing grain logistics infrastructure.
The IMC agroholding increased its revenues by 1.7% to $ 126.8 million in 2017 compared to 2016. The total debt of the company was $ 64.5 million in 2017 against $ 87.2 million in 2016. The company’s strategic goal until 2020 is to achieve a leading position among European agricultural companies in the field of innovation.