HZPC certificates: large supply, significant decrease in value

The supply of certificates from potato breeder HZPC has increased again. According to the company, this mainly offers opportunities for seed potato growers. In contrast, the value of the certificate decreases again by the maximum 10%. It is the fourth downgrade in a row.

Since 2017/2018, the value of the HZPC certificate has decreased from €200 to €118,15, the potato breeder describes in a press release. This means that a further 10% decrease in value is visible this year. It is the fourth decline in a row. In 2019/2020 the value of the HZPC certificate was still €131,25. The stock market value decreased from €103 million to €93 million last year. The 2019/2020 dividend was €1, the 2020/2021 dividend will be announced in October 2021.

'Connecting Growers'
On the other hand, the supply of certificates is higher than ever. "After many years with a limited supply, there are currently many (expected older) certificate holders who wish to sell their certificates", writes Gerard Backx, CEO of HZPC. According to Backx, this offers opportunities for seed potato growers who would like to buy certificates.

The company reports that it will also buy up shares itself over the next 10 years to donate to growers, for a value of €1,5 million. "This process runs through the so-called 'Connecting Growers' program," says Backx. This program was created to encourage the transfer of certificates from inactive growers to active growers.

Kimberly Baker

Kimberly Bakker is an all-round editor at Boerenbusiness. She also has an eye for the social media channels of Boerenbusiness.

k.baker @boerenbusiness. Nl

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