China Invests in Ukrainian Farmland
26 September 2013 
Xinjiang Corporation (XPCC) and KSG Agro have entered into an agreement to lease 3,000 hectares in the Dnipropetrovsk state in Ukraine. According to KSG Agro, XPCC will make efficiency improvements on the land via the installation of drip irrigation systems and the application of modern agricultural technologies.
KSG Agro reports that this is the first stage of a project that may gradually expand and evolve into the investment in more modern technologies in the black sea nation in the areas of crop production, vegetable growing and pig farming.
According to China Daily, XPCC, founded in 1954, is known for purchasing farms in areas where water is scarce and modernizing water use for efficient irrigation and reclamation of land.
USDA FAS reports that Ukrainian wheat production totals upwards of 20 million tons per year. The southern state of Dnipropetrovsk is one of the nation’s most valuable wheat growing regions.
To learn more about agricultural developments in the Black Sea region, go to www.fcitradesummit.com.
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