Kiev. Ukraine. Ukraine Gate – February 13, 2021 – Agriculture
Good financial results in 2020 and a positive credit history allowed the agricultural holding to start 2021 with plans for large-scale expansion of arable land. Currently, the management of the Ristone group is negotiating the acquisition of a neighboring agricultural holding, which will increase the land bank by 40 thousand hectares.
“To date, we have received confirmation of financing the operation to acquire an agricultural holding, which is located next to us. The implementation of this agreement will allow us to increase the land bank from 60 thousand hectares, which we now own, to 100 thousand hectares of cultivated agricultural land, “said Vadym Nesterenko, Chairman of the Supervisory Board of Ristone Holdings.
Ristone Holding is currently completing preparations for the spring sowing campaign. For future fieldwork, we have already purchased 5 powerful Case340 tractors, 3 small MTZ 82 tractors, 3 JD and Case sprayers, trucks and cars for personnel of various modifications, and buses for transporting people. In the active phase inspection and repair of agricultural machinery and tractors.
Read also: Developing Irrigation by State Compensation to Farmers!
99% of the required seeds were purchased, now they are imported to the warehouses of the holding companies. These are products of leading manufacturers – Syngenta, Pioneer, KWS, Euralis. Investments in seed material amounted to UAH 60 million. Also, 90% of the required mineral fertilizers for the total amount of UAH 100 million were imported and 80% of the required PPE for the amount of about UAH 40 million were purchased.