FirstFarms Romania
In May 2007, FirstFarms established a platform in Romania with the foundation of a Romanian subsidiary, FirstFarms s.r.l., which purchases farming companies and land in Romania and runs the agricultural companies in Romania. Since 2007, the company has purchased agricultural land and companies divided between Eastern and Western Romania, where the land is sited in areas of high quality and mainly in the black earth belt, comprising highly fertile land and amongst the best in Europe. Purchase of land in Romania takes place in different ways, i.e. in form of titles (parcels) which subsequently are land registered and joined together, and also in larger consecutive land pieces fully registered, where the price thereby is higher than in the smaller parcels.
FirstFarms’ activities in Romania are shown below:
No. 1 – FirstFarms Agro East and the area, where the company has purchased land in Romania
In December 2009, FirstFarms sold off its operation centre in Western Romania close to Timisoara, where buildings, 1,983 hectares of land and a part of the machinery were sold off. The sell off happened to strengthen the financial resources in FirstFarms and to centralize and expand the operation in the company’s existing centre in Eastern Romania, and thereby optimize and streamline the established organization in Eastern Romania.
In the 2011/2012-season, FirstFarms operates approx. 4,300 hectares of agricultural land in Eastern Romania, approx. 120 km from Bucharest, and the plan is to expand the operated area to 10,000 hectares of land.
As per January 2012, FirstFarms owns a total of 7,536 hectares of land in Romania. Due to the circumstances, by joining the land areas, not all land is operated, but the company is working on getting it land registered and joined, so large-scale operation can take place.