SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: bentway9/23/2013 11:39:34 PM
  Read Replies (1) of 1577249
 
China Buys 3M Hectares of Ukraine

WILL FARM AN AREA ROUGHLY THE SIZE OF MASSACHUSETTS

By Ruth Brown, Newser Staff
newser.com
Posted Sep 23, 2013 7:27 PM CDT

NEWSER) – As demand for food grows in China— and farmland shrinks—the country has signed a deal with Ukraine that will eventually see it plowing into three million hectares of the Ukrainian farmland. China will initially receive 100,000 hectares—an area about the size of Hong Kong—and increasingly acquire more over the next 50 years, the South China Morning Post reports. Quartz notes that 3 million hectares is 5% of Ukraine's total land, and 9% of its arable farmland. The total area China will eventually be farming is roughly the size of Massachusetts or Belgium.

The land will be used mainly for growing crops and raising pigs, the Post reports, then the produce will be sold to two Chinese state-owned grain companies at favorable prices. The price tag on the deal is unknown, though a local newspaper reported last month that it would be more than $2.6 billion—a "unprecedented foreign investment" for Ukraine's agricultural industry. China already has about two million hectares of overseas farmland, according to an agricultural researcher in Beijing, but Ukraine will eventually be home to its largest farm project abroad.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News