Objectives

FirstFarms invests in farming companies and land in Eastern Europe, where favorable cost, production and sales conditions provide the foundation for continued high operating earnings. The company's primary financial goal is that ongoing income from operation of the production units in FirstFarms' farming companies shall be able to generate an annual return on investment of shareholders' capital of 20% before tax after 3-5 years following each individual investment. The return on shareholders' capital is very much dependent on the opportunities of external financing.

In addition to a high return on invested shareholders' capital, FirstFarms expects over time to be able to realize capital gains in the form of increases in the value of land and tangible assets, but these potential gains are not included in FirstFarms' financial budgets.

FirstFarms wishes to utilise the significant economies of scale that exist in agricultural production in Eastern Europe. FirstFarms' goal is to diversify the portfolio of farming companies both geographically and operationally, in order to spread the risk in the company.