Investment in Agricultural Russia & Incentives For Translators

by | Aug 12, 2013 | Telecommunication

Russia’s grain exports are increasing every year. The Russian authorities are expecting about 90 million tons of grain harvest, out of which a 23 million would be exported to other countries. Three quarters of this grain export will comprise of wheat. In a few years’ time, Russia will emerge as the largest wheat producer in the world. Investments still need to be made for modernizing farms and developing transport infra-structure, focusing mainly on railways, shipment facilities and warehouses. The flow of investment in Russia is generating a need for more and more translators and translation service companies.

Russia is generally perceived to be an industrialization hub but with its vast expanse of land, the country’s agriculture industry cannot be ignored. Russia is heavily investing in its agriculture sector to meet the growing demand for staple food in the developing and under-developed countries. Africa and Middle East are heavy consumers of wheat. Africa has the right climate for the production of cocoa, coffee, cotton, groundnuts and tea but the region is unfit for growing good wheat, similarly the Middle East is a big importer of all food products as the hot and dry climate isn’t conducive for crop cultivation. Russian specialists have visited many European countries including Hungary, Denmark and Netherlands to witness the technology and farming methods being employed there. Foreign investors have also started investing in the agricultural market, other than the local investors, accelerating demand for translators. Russians would need the aid of translators of various languages, as investors from all countries have started pouring in.

Basic Element is an investment group in Russia. Andrey Oleynik , the managing director of Basic Element’s agricultural division in Russia says that unlike US, Canada and Australia who have always been the suppliers to global markets, Russia has the potential to expand its grain production. He maintained that these countries do not have the available land, rainfall pattern and cost structure to increase their productivity rate. Whereas Russia has the “quality, price and active distribution” to increase its growth targets. Heavy investment is still needed in this sector. Many Russian investors like Oleg Deripaska are making huge investments for improving the farming techniques in Russia but more investors need to be galvanized to invest in the region. After the Soviet Union fell, Russia has become a safe place for investing. The shift in the political environment was also responsible for rescuing the agriculture industry of the region. There have been plenty of jobs created for translators over the past few years in Russia. This present business-friendly atmosphere offers a great opportunity to translation service companies for setting up regional offices in Russia to gain from the current boom in the agribusiness of the country.

With 23 million hectares of cultivable land, Russia is one of the largest agricultural countries in the world. It is a big grain producer, with grain cultivation carried out on half of its cultivable land. Wheat is the major food crop cultivated, with barley being the second. Oats, potatoes, legumes, tomatoes, cabbages, carrots and apples are all also grown extensively. To meet the demands of the textile industry flax is also grown in the region. The investors thinking of investing in the agriculture sector of the country, have nothing to fear and lose. But with all the necessary preparation required to set up their companies, hiring Translators should be on top of the list. Many investments do not prove rewarding due to poor communication with government agencies and local population.

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