Agrifirm rewards loyal members with interest surcharge

The loyal Agrifirm members, who choose to deposit their dividend in a so-called loyalty scheme, receive an interest surcharge that is 6% above the 3-month Euribor.

Based on it 2017 annual result Agrifirm will pay out €25 million in dividend. For the first time, members can now choose to deposit this amount in the newly introduced loyalty scheme. A minimum deposit of €750 applies to claim the interest surcharge. Members who do not want to participate will receive their dividend in May.

Cooperative thought
According to CFO Jaap Vessies, the new arrangement is a sign of extra appreciation. The scheme stems from the cooperative philosophy of the company and is a concrete translation of the new strategy 'Better Together'† The current level of the 3-month Euribor (March 13) stands at -0,327%.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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