Now Is Your Chance To Buy The World's Largest Farm

[MNeagle]

Now Is Your Chance To Buy The World's Largest Farm

http://static2.businessinsider.com/image/4ced312b4bd7c86944010000/wheat.jpg
Image: USDA



You always wanted to be a farmer, and you noticed recently that anyone with food to sell has been making a killing on record high prices.

Well now's your chance to invest in farmland in a huge way.

A Russian farming conglomerate, Ivolga is selling the world's largest farm for around $1 billion. The 1.5 million hectare of farmland are spread across Russia and Kazakhstan and contains mostly fields of wheat.

Ivolga is looking to sell after getting buried in debt from the global crash. A London hedge fund, which is declining to invest in the land, tells the Telegraph: " got caught by that perfect storm in 2008 and 2009. They bought all their fertilisers at the top of the market and then sold all that crop into a very deflated market and made massive losses."

Of course there are some risks involved with this farmland. Food prices could collapse, or drought could cause another summer of wildfires in Russia.



http://www.businessinsider.com/worlds-largest-farm-ivolga-2011-2#ixzz1Dwix7xJB


I don't know why the label under the pic is sourced from [i]USDA. Perhaps they couldn't get a Russian photo? Or is that likely the 'farm' in question?

[undgrd]

The 1.5 million hectare of farmland are spread across Russia and Kazakhstan and contains mostly fields of wheat.


That's roughly the same size as Connecticut.
:o

[Book]

http://images.newstatesman.com/articles/2010//20100806_88812993_w.jpg

Russian premier Vladimir Putin's decision to stop wheat exports from 15 August 2010 has raised market concerns over a possible stagflation.

US wheat futures went up by more than five per cent on Friday, bringing weekly gains to around 25 per cent, as a buying frenzy ensued once news of the Russian ban broke.

Wheat prices soared to a maximum daily limit of 60 cents reaching $7.86 a bushel on Chicago's exchange, an eight per cent increase. Corn, oats and rice futures also went up significantly.

Russia is reeling under its worst heat wave in over 130 years. Severe drought has resulted in a reduced grain forecast which has prompted the curb in wheat exports.

Further drought warnings have also been issued and could affect winter crops as well. In such a scenario, Russia would need to pull out of the export market for a period of two years.

Low-income countries such as Egypt and Pakistan will be the worst hit among importers.

http://www.newstatesman.com/business-food-and-drink/2010/08/wheat-exports-worst-russian

[banjo]

"Low-income countries such as Egypt and Pakistan will be the worst hit among importers."

Hmmm. Since this was written in August, a few things have changed.

[sweetdeems]

That is a beautiful picture

:o

[willie pete]

looks like its a little bit larger than the state of CT...IF square, it'd be 76 miles X 76 miles ... :o Los Angeles county is about 64 X 64 miles :D

[SLV^GLD]

...you noticed recently that anyone with food to sell has been making a killing on record high prices...

Ivolga is looking to sell after getting buried in debt...
???