A.G.R. Group revealed the 10-year plan
Misak Khidiryan's A.G.R. Group agricultural holding plans for the coming season include both land bank expansion and own infrastructure development.
"We want not only to increase the land bank and introduce new crop production technologies but also to develop our own infrastructure. We understand that it is necessary to invest in the restoration of soil fertility, and in the introduction of new technologies for the cultivation of agricultural crops, supported by the acquisition of modern machinery," said the Chairman of A.G.R. Group Igor Shestopalov in an interview with EPravda.
He added the company ensures that the harvested crop is prepared for transportation and shipment to the port.
"As a result, we come to understanding how the maximum efficiency of land bank use is achieved and profits are increased," commented Igor Shestopalov.
Learn more: David Ananyan: By the End of 2020, A.G.R. Group Crop Production Will Cover up to 50 Thousand Hectares
According to him, the 10-year strategic planning is practised by A.G.R. Group since 2018. Last year, the company outlined the principal directions of development and what progress the owner Misak Khidiryan expects to see in different directions.
"Even before the coronavirus pandemic, the strategy was formalized into a financial model with precise calculations and goals," explained Igor Shestopalov.
A.G.R. Group, according to the chairman of the board, introduces tactical and strategic planning. Igor Shestopalov said that strategic planning involves the choice of goals and ways to achieve them. While the main strategy of the company's development remains unchanged, tactical plans can be reviewed and adjusted to implement the main strategy. And operational planning with a constant factor analysis of deviations allows A.G.R. Group to keep everything under the radar and understand how close the agricultural holding is to its goal and what is going on inside the company.
Previously reported that the Group continued investing in agricultural machinery despite the tough season 2020. The company planned USD 2.3 mln of investment.
