OKKO Group plans a large-scale expansion of its agricultural business with a focus on dairy farming. The company intends to increase its land bank to 100,000 hectares and build a herd of 15,000 cows.
This was reported by CEO Vasyl Danyliak in an interview with Forbes Ukraine.
According to him, the development of dairy farming is one of the key elements of OKKO’s agricultural strategy. Based on its cowsheds, the company plans to establish biogas production, which is expected to ensure energy autonomy and financial self-sufficiency of this business line.
“The goal is to increase the land bank to 100,000 hectares and have 15,000 cows. Based on the cowsheds, we plan to build biogas production. The idea is for this business to be self-sufficient and pay dividends,” Danyliak noted.
Currently, OKKO manages nearly 50,000 hectares of land. The company plans to achieve the expansion of both its land bank and dairy herd by 2030. According to the CEO, there are already a number of preliminary agreements regarding expansion, although not all of them may be implemented.
Vasyl Danyliak also emphasized that a land bank of 100,000 hectares is optimal for efficient management without significantly complicating the management structure. The core land bank is being formed in western regions of Ukraine, which are considered less risky in terms of climate, although land prices there are higher.
Source: Forbes Ukraine
