Agricultural business development
Steppe AgroHolding sold 100% of shares in the Yuzhny agricultural enterprise, which specialises in tomato and cucumber production, to focus on the key business segments: crop production, grain trading and dairy farming. In 2020, the land assets of the company totalled 565,000 ha, mostly due to the acquisition of an 116,000 ha asset in the Rostov region. Steppe also acquired three agricultural enterprises in the Stavropol region, including a dairy farm which, following renovation, will have the capacity to accommodate 9,000 head of lactating cows and will become the largest in Russia, with milk production volume exceeding 100,000 tonnes per year. The deal also increased Steppe’s land assets by 28,000 ha.