The market value of the 4,700 hectares of land stands at more than EUR25 million, according to ZF’s calculations.
“We looked at Poland, Czech Republic, Hungary and chose Romania,” says Weisehoff.
There was no land at all or not enough for sale in other countries and in Romania one can start a farm on one’s own from scratch, he added.
The development pace of the farms the German investor started from scratch is an example of the allure of Romanian farmland for foreign investors. Banat Farming has two production centers in Caras-Severin and in the Timis County. It chose the western region of Romania for the higher amount of rainfall than in Oltenia and Banat (south of the country). Banat Farming is seeing EUR3 million revenue a year.
(English version by Loredana Fratila-Cristescu)