The 11th Overview compiled by BEFL includes 73 companies, the total area of which is 17.4m ha. Since 2014, the number of the companies in the Overview grew from 30 to 73 along with the gain in the land area by over 10m ha.

The M&A market remained vigorous, despite the receding profit margin in crop production in the second half of 2022 and the first half of 2023, as there was a significant number of offers from middle-size players, due to which large agricultural holdings were able to quickly expand their land portfolios.

Last year saw the process of the industry restructuring, the change of asset owners, the consolidation of market leaders and the exit from the market of small and inefficient companies.

Along with the rising trend of the Overview volume, the size of the top companies is gradually expanding. The total land portfolio of the TOP-5 amounts to 4.4m ha (25 % of the total land bank).

Over the last 10 years the total land portfolio of the TOP-10 has increased by 72  % (+2.9m ha), and the land portfolio of the TOP-5 has increased by 93 % (+2.1m ha). In fact, the TOP-10, where Prodimex, Rusagro, Miratorg, Agrocomplex and Avangard-Agro have been regular leaders since 2014, represent a third of the increase in the land portfolio over the 10 years.

This year significant changes have occurred in the land portfolios of many participants in the ranking, the most notable of them are: Agrocomplex (+286k ha), Sibagro (+108k ha), BIO-TON (+50k ha) (see the graph on page 7). The land portfolios of Ak Bars (-138k ha) and Agrosila (-40k ha) from Tatarstan have noticeably shrunk; Ravis Agroholding (-25k ha) is also among those which reduced their land assets.

Since 2014, the number of the companies in the Overview grew from 30 to 73 along with the gain in the land area by over 10m ha.