Black earth farming increases land ownership and secures its first grain elevator

The acquisition process was initiated and first announced in September last year and through its completion it has now given Black Earth Farming direct ownership of 21,200 hectares, an additional 2,500 hectares will be leased over 35 years and 1,100 hectares will be leased over 20 years.

Together with continued ownership registration of land since the beginning of 2008, the completed acquisition now brings Black Earth Farming's amount of fully owned land to a total of 67,200 hectares.

The acquired land is presently cultivated and is considered to be in good condition. The acquisition furthermore includes administrative buildings, workshops, barns, tractors, agricultural implements, trucks, planters and a 60,000 ton capacity grain elevator. The elevator marks the first step in Black Earth Farming's effort to establish a network of elevators required for the efficient and secure storage of its harvests.