Today’s Moscow Minute is about another of Russia’s commodities, this, a renewable one, grain production. Over the past 10 years they have skyrocketed from nowhere to among the top three exporters in the world. Among the major reasons for this has been the injection of money from the federal government and the emergence of giant foreign corporations bringing capital and technology most local farmers do not have access to. It should be noted these foreign companies are on the cusp of profitability as land costs in Russian agriculture are a fraction of anywhere else in the world and there are still many millions of acres of arable land yet to be developed. It should be noted once problems of lack of capitalization, technology, development of additional land, and even the expansion of ports to transport the grain have been worked on, Russia could one day soon be the largest exporter of grain to the world and be the breadbasket to the planet.