Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Russia Has Cheapest Farmland on SovEcon List of Grain Exporters

Don't Miss Out —
Follow us on:

Dec. 20 (Bloomberg) -- Russia, the world’s third-biggest wheat exporter last season, has the cheapest agricultural lands among six grain exporting regions analyzed by the SovEcon consultancy.

Russia’s most expensive agricultural land, in the southern Krasnodar region, can be bought for about $1,711 per hectare (2.47 acres), less than land in the U.S., the east or west of the European Union, Brazil and Argentina, according to market research from SovEcon.

The prices compare with an average $11,250 a hectare in France and Germany, $9,000 a hectare in the U.S. and Brazil, $7,000 in Argentina and $4,500 in eastern members of the EU, SovEcon said in its first farmland price survey.

The U.S., Argentina, EU, and Brazil are the first, second, fifth and seventh biggest exporters of grains respectively this season, while Russia is the ninth biggest, U.S. Department of Agriculture estimates show. Canada, Australia and Ukraine rank third, fourth and sixth, and India is eighth.

To contact the reporter on this story: Marina Sysoyeva in Moscow at

To contact the editor responsible for this story: Claudia Carpenter at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.