Agro-Industrial Corporation (Agro-Industrial Complex)

History

2022: Bio-Ton bought APK

The Bio-Ton company, chairman of the board of the Union of Grain Exporters Eduard Zernin, bought the Agro-Industrial Corporation (APK). The corresponding changes were made to the Unified State Register of Legal Entities (USRUL) at the end of December 2022.

According to Zernin, Bio-Ton buys the entire business of the agro-industrial complex and plans to deal with the economy, taking into account the prospects of the Stavropol market.

"Bio-Ton" of the head of the Union of Grain Exporters Eduard Zernin became the owner of the Stavropol farm with more than 15 thousand hectares of land

By the end of 2022, Bio-Ton is the largest agricultural corporation in the Volga region, the leader in the production of sunflower in Russia with land assets of more than 500 thousand hectares (seventh place in the country). The company produces about 1 million tons of grain, legumes and oilseeds per year.

Director of Sovekon Andrei Sizov estimates the cost of agricultural land in the Stavropol Territory at 100-160 thousand rubles. for 1 ha. Thus, 15.5 thousand hectares could cost 1.55-2.5 billion rubles. According to the source, Kommersant Bio-Ton today is considering the south of Russia for expansion. Eduard Zernin, in a conversation with the publication, noted that Bio-Ton constantly watches assets in the south, and in the center of the country, and in the Volga region.

Investment banker Ilya Shumov says the Stavropol Territory remains one of the regions dominated by a large number of independent farms, and the share of the largest landowners in the region's revenue remains low. By the end of 2022, there were many offers on the market for the sale of land assets in the Stavropol Territory, but due to the increase in the profitability of crop production, the conditions on the market in recent years have been dictated by sellers and prices for such assets kept near the upper ranges, he points out. So, Shumov continues, individual allotments have been sold for several years and due to overestimated expectations of the owners, they are never realized.

Dmitry Rylko, general director of the Institute for Agricultural Market Studies, notes that the supply of land assets in southern Russia is growing, but prices show no signs of decline.^[1]

Notes