I had dinner Last Tuesday with a manager of Deloitte's Financial Advisory Services in Moscow. According to him, there are many Russian companies looking for investments to grow their business, but the size of the investments they are looking for is 10 million to 15 million, which excludes 99.9% of potential investors. (If you are looking to make a 10 million+ investment in Russian Agriculture, there are Russian companies desperate for your investment).
The answer to this, of course, would be to pool investments in a fund. Unfortunately, there are no "quality" funds for small investors (Small investors = anyone looking to invest under 8 million). This is a waste, and, if there is enough interest, I will see if it is possible to start a fund. I will answer emails and see about organizing this tomorrow (still a little jet lagged).
Alternative way to invest in Russian agriculture
The only current alternative for a "small investor" is to invest in Russian agriculture via the handful of publicly trading companies. Below is a portfolio, emailed to me by my sister's friend (the advisor and consultant in Russian ag).
Here is an ag portfolio I built in Yahoo finance. I would recommend building a similar one and keeping aware of their stock prices. [I could build my own portfolio, but seeing as there are only a handful of Russian agricultural companies, it probably wouldn't look any different.]
Black Earth Farming is the Russian benchmark — very big company.
Trigon Agri is in Russia, Ukraine, and Estonia
First Farms is in Slovakia and Romania (Romania has black earth)
Landkom is in Ukraine
Cresud and Brazil Agro are comparable large Argentinian and Brazilian ag holdings.
BLACK EARTH FA SDB
Cresud S.A.C.I.F. y A.
BRASILAGRO -ON NM
Rogers International Commodity
DJ AIG AGRI SPT SUB