Farming covers cultivation of cereals, oilseed rape, sugar beet and other crops, production of milk and beef cattle farming. We have six agricultural companies, situated on fertile land across Lithuania – Panevėžys District Aukštadvario ŽŪB and Panevėžys District Žibartonių ŽŪB, Kėdainiai District Labūnavos ŽŪB, Šakiai District Lukšių ŽŪB, Biržai District Medeikių ŽŪB and Sidabravo ŽŪB. Their total consolidated revenue was EUR 26 million in FY 2018/19.
Our agricultural companies are cultivating over 17 thousand hectares of land, from which 7,655 ha area is own.
We have around 3,206 dairy cows, and milk yields increase every year. Significant increase in milk yield was observed in Kėdainiai District Labūnavos ŽŪB and Panevėžys district Žibartonių ŽŪB agricultural companies – by 9.6% and 12.2%, respectively, while the average total milk yield growth was 5.6% in FY 2018/19.The dairy farms of two of our companies were acknowledged to be the most productive ones in Lithuania. Agricultural company Šakiai District Lukšių ŽŪB was ranked the most productive in the category of farms that own over 200 cows, whereas Sidabravo ŽŪB came in second place.
Agricultural companies produced and sold over 69 thousand tons of agricultural commodities and almost 32 thousand tons of raw milk in FY 2018/19, meat sales were insignificant and totalled 1,489 tons.
|Sales in tons||113,531||117,219||107,875||122,699||102,548|
|Sales revenue, thousand EUR||25,153||27,153||26,815||31,011||26,238|
|Gross profit, thousand EUR||6,049||3,525||6,450||6,194||3,109|
|Operating profit, thousand EUR||3,532||758||3,329||3,146||3,230|
Note: Financial year starts on July 1st and ends June 30.