Russia’s agricultural land is a valuable natural resource, albeit one lacking the high profile of hydrocarbons or metals. During 2002 Duma debates, its total value was put at a staggering $100 trillion.
This long-mistreated resource is now on the path to recovery. Development of the agricultural sector started in the downstream agribusinesses involved in food processing and retail. As these develop an appetite for inputs, and as questions of legal title to land are resolved, the...
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