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Siberian farmland in demand from South Korea which looks to follow Chinese lead

By The Siberian Times reporter
08 December 2012

A plan to develop a 22,000 hectare plantation area for corn and beans is being actively studied by the South Korean government.

Some 6.7 million hectares of farm land are estimated to be idle in the Far East, much more across Siberia. Picture: Vera Salnitskaya

Money for the project could start to flow as early as the first half of 2013, an official was quoted as saying. 

'The annual production of corn and beans are expected to be 77,000 tons and 20,000 tons respectively,' reported Maeil Business Newspaper.

The move echoes a rising trend in recent years pioneered by Chinese companies and individual entrepreneurs. 

The exploitation of farmland in the Far East and Siberia chimes with the Kremlin's aim of re-invigorating the economy of the east of the country.

The potential is seen in future to provide far greater food supplies to Pacific rim countries. 

Against this, there could be concerns at the extent of foreign ownership of projects.

One Chinese entrepreneur Liu Jianping said recently: 'Primorsky is a miraculous land. It offers bountiful harvests at low costs'.

'He currently has 16,000 hectares of farmland in Russia, and he is expecting his grain harvest to exceed 20,000 metric tons this year,' reported Industry Updates, part of the China Daily Information Company.

'Entrepreneurs in northern China have been talking about the agricultural opportunities across the border since Russian President Vladimir Putin set out a plan to develop Russia's Asian areas at this year's APEC summit, held in Vladivostok, the administrative centre of Primorsky Territory.'

'But it's not just talk. In fact, hundreds of companies and even individual farmers, Liu being one of them, are already involved in agricultural projects in Russia's Far East, according to the commerce bureau of Northeast China's Heilongjiang province, which shares a border of more than 2,900 km with Russia.

'In addition, the province has similar conditions in terms of geography, temperature and precipitation as Russia's Far East.

'Chinese farmers in Russia are mainly involved in grain and vegetable farming, livestock breeding, and the processing of agricultural products.'

Sun Yao deputy governor of Heilongjiang province, told China Daily: 'Agriculture is one of most promising areas for Sino-Russian economic cooperation.

'By combining their strengths, the two countries can contribute a great deal to the world's food security.'

In one project, Heilongjiang-based Nongken Beidahuang Business and Trade Group is working with a Russian partner creating a 'Friendship Farm'  covering more than 130,000 hectares.

Some 6.7 million hectares of farm land are estimated to be idle in the Far East, much more across Siberia.

Japan and New Zealand are also involved in agricultural projects in these vast regions.

Comments (1)

I want complete information about this ... Kindly tell me. Please ...
Faizan umer, Pakistan punjab
26/08/2015 23:27
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