“2022 was good for autumn crops, but for summer crops (corn and sunflower– ed.n.) was weak, because the productions halved due to drought. However, overall, the turnover reached EUR60 million, up 10% versus 2021. Profit at group level was RON60 million (EUR12 million – ed.n.) and we expect this increase to maintain in 2023. The year started off on the right foot,” Ianco Zifceak, a shareholder in Maxagro, told Ziarul Financiar (ZF).
Zifceak also said that in 2022 agricultural year, wheat production, for instance, at the ecological farm reached on average four tons per hectare, but on some surface areas, it neared seven tons per hectare, similar with the production obtained from conventional farming.
Maxagro Group, with more than 300 employees, invested RON50 million (some EUR10 million – ed.n.) in technology and machines. In 2023, the group plans to invest EUR10 million in irrigation systems and a fodder plant.