A.G.R. Group summarized the results of the 2019 harvest

Agroholding A.G.R. Group summed up the results of the 2019 harvest at its own enterprises, the total land bank of which exceeds 28 thousand hectares. In particular, the gross harvest of cereals, legumes and industrial crops amounted to 208 208 tons. In 2019, the structure of the acreage was changed - corn and soybeans were selected as the main crops. Accordingly, 177 406 tons of corn and 19 508 tons of soybean were harvested at the year-end. (Fig. 1).

A.G.R. Group summarized the results of the 2019 harvest"

Fig. 1. Gross harvest at A.G.R. Group in 2019

The average yields of maize and soybean at holding companies in 2019 can be considered satisfactory, comparing them with the corresponding indicators in Ukraine. In particular, the corn yield at the holding companies amounted to 8.9 t / ha, soybeans - 2.9 t / ha, while in Ukraine the average corn and soybean yields were 7.1 t / ha and 2.35 t / ha * respectively .

President and Chairman of the Supervisory Board A.G.R Group Misak Khidiryan commented on the results of the year: “2019 was a difficult year for all agricultural enterprises in Ukraine, and we were no exception. Low rainfall and dry weather were the factors that worked against us last year. Gross yields and yields of A.G.R. Group show that the future lies in the use of the innovation technologies and new engineering, the rational use of land resources and the efficient organization of all production processes - from soil preparation and sowing to harvesting and transportation. I would like to thank the staff of all 19 companies that are part of A.G.R. Group, for conscientious work. Because it was their smooth and precise work that positively influenced the final result.”

It is worth mentioning that A.G.R. Group has announced its intention to become a publicly traded company and is considering IPO possibilities. To this end, the holding successfully conducted restructuring and obtained an unconditionally positive audit opinion from KPMG. Improvements are ongoing and international corporate governance standards are being introduced.

* According to Latifundist.com