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Financial Times: Ukraine to lease out the black earth

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Sep. 27, 2012 16:48
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Ukrainian officials say they will offer investors to help toil and profit from millions of hectares of unused farming land.
Photo by AFP

Roman Olearchyk writes: “Ukraine, already one of the world’s top producers and exporters of grain, is floating a bold plan to boost domestic harvests by offering to lease out millions of hectares of unused, government-owned farm land.”

The report continues: “Billed by authorities in Kyiv as Ukraine’s response to rising concerns over global food security, the project could lure in billions of dollars in investments, helping Ukraine achieve its much-hyped goal of harvesting more from its famously-rich black earth by doubling yields and annual crop volumes.”

Click here to read the report.

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