Top five Romanian farmers, 400m-euro turnover and almost 170,000 cultivated hectares

Publish date: 26-02-2009
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Culita Tarata, manager of TCE 3 Brazi, still owns the largest area of farmed land, of over 55,000 hectares, while Ioan Niculae, owner of Interagro, still is the entrepreneur boasting the biggest turnover in agriculture in 2008. Together with Adrian Porumboiu, chairman of Racova Agro Pan group of Vaslui, Mihai Anghel, running Cerealcom Dolj, and Stefan Poienaru, who set up Fetesti-based Agrofam Holding, they in 2008 cultivated almost 170,000 hectares of agricultural land, that is as much as 2% of Romania's 9.4m-ha arable land area, with the business conducted in the sector alone reaching 400 million euros.

The five entrepreneurs did not buy any agricultural plots of land in 2008, meaning that Romanians did not regard last year as a period good for purchases. However, the financial crisis has pushed land prices down, which could be an opportunity for those who are making further massive investments in agriculture. The one who expanded the held area the most was Adrian Porumboiu, who in 2008 had 35m-euro turnover for Comcereal alone. He declared around 45,000 hectares to APIA (Agency for Payments and Interventions in Agriculture), from 43,000 hectares in 2007, with the area being cultivated through 3 firms: Comcereal, Agrocomplex Barlad and R-Agro Falciu. After Ioan Niculae, Mihai Anghel, who farms 23,000 hectares in Dolj through Cervina, Oltyre and Redias Retea companies, went beyond 100m euros in 2008.

Ziarul Financiar

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