But the quality of land is scarcely the sole requisite for agricultural success. Let’s not forget the Holodomor. Still, outside of intentional genocide, there are other risks they can face. Ag Economists still look at ag “success” in the former Soviet states as success for industrial agriculture. That requires legal and financial (including crop risk management) systems, capital and cash flows (the hrynia floats and is freely convertible, the yuan not so much), and physical infrastructure.
Ukraine is a bit like Brazil, but not like China. And that makes it the ideal place to base what will be the world’s biggest egg producer, according to Oleg Bakhmatyuk.
Ukraine, once known as the breadbasket of the Soviet Union, is akin to Brazil in its agricultural potential.
“It has some of the best land on the planet,” he tells Agrimoney.com
And lots of it. Enough to produce 120m tonnes of grain, Mr Bakhmatyuk says, quoting an estimate from Leonid Kozachenko president of the Ukrainian Agrarian Confederation, and a need to “embrace farming technology”.
“Ukraine is like Brazil, but 10 years behind.”
Read more at Agrimoney