Largest arable farm in Europe for sale

The Romanian arable farm Agricost, which cultivates more than 57.000 hectares of land, is for sale. The value of the company is approximately €200 million. Investors from Germany, England and Saudi Arabia are lining up to buy the company.

Cereals are mainly grown on the more than 57.000 hectares. The company farms most of an island in the Danube River. Agricost has an enormous grain storage facility under its own management; even the ferry that belongs to the island is owned by the company.

Valuable land
Agricost's land is very valuable because it is equipped with multiple irrigation systems. As a result, thousands of euros extra can be produced per hectare. The average yield of the plots is almost twice as high as the average in Romania as a whole. The average price per hectare is estimated at €2 per hectare.

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It is still unclear whether the sale can be completed in the short term. This is because the land may be owned by the State. However, a Romanian farmer is clear: "If I had the money, I wouldn't think twice and buy the company."

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.

aj.doorn@boerenbusiness. Nl

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