June 26, 2002
8:12 AM Subscribe
Farmland for sale. $80-100 trillion. Russia's lower house of parliament on Wednesday passed a bill that would allow the sale of Russian farmland for the first time since the days of the czars, but would bar foreigners from buying it.. foreign companies could still purchase Russian land through subsidiaries that are majority Russian-owned.
posted by stbalbach (3 comments total)
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sort of akin to the homesteading of US hinterlands, the russian east is prolly as close to the 'wild frontier' as there is nowadays. like it's curiously been passed over by the last century.
i know there are really big cities in the east, but you never really hear about them except in national geographic or something and they're all like heavily polluted industrial/smelting/mining complexes with apartment blocs attached for when people go home.
hopefully 'opening it up' will help revitalize the russian economy (and maybe even help the environment! hope :) and it might also attract immigrants? like starving n.koreans, unemployed former east germans/eastern europeans, war-ravaged central asians and chinese peasants might want to make a go of it there. russia needs the population and the rest of eurasia it seems needs a 'safety-valve'.
as far as farming is concerned, i'm sure it's going to become a lot more productive. i read this article about midwestern farmers from the US leasing land in the ukraine and doing pretty well. like although it's been said there's enough food in the world (it's just not getting to the people who need it) i'm sure the world could use another 'bread basket' in the eastern hemisphere.
posted by kliuless at 9:24 AM on June 26, 2002