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Kernel ready to assist partners with farmland purchases

10 December 2019

Kernel, a Ukraine-based agroholding, wants to help its partners with farmland purchases after the lift of the moratorium on land sales in Ukraine. In particular, Kernel plans to buy farmland and lease it to the agricultural enterprises that cannot afford land acquisitions for the period of up to 49 years. The company communicated that it is legally prepared to protect the interests of farms in case of force majeure, e.g. the raider attacks. Kernel continues to invest in business development. Particularly, its subsidiary Starokonstantinovsky oil extraction plant is expected to raise its annual processing capacity by 1 million tonnes of sunflower seeds in 2020. At the same time, Kernel continues investing in grain elevators and logistics.

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