News Rabobank

Huirne: 'Don't wait until the disaster is complete'

2 August 2018 - Anne Jan Doorn - 17 comments

Rabobank supports land-based agricultural companies that have been affected by the drought. Ruud Huirne, director of Food & Agri at Rabobank: "We always want to help healthy companies through a difficult period, especially in circumstances that are beyond the farmer's control." Huirne does advise that farmers should knock on the door in time and have their liquidity budget in order.

"This is not just a dry period, these are extreme conditions", claims Huirne. "We always help farmers in these circumstances and do not opt ​​for general measures. We look for the best solution for each situation and in consultation with the entrepreneur."

3 support options
The director mentions 3 ways in which Rabobank can help farmers. "Depending on the situation, we support with a bridging loan or can defer repayments. Various investments can also be deferred."

Problems must be due to the drought

Huirne does say that the cause of the liquidity problems must be related specifically to the drought. "We are looking at whether it is a healthy company and whether the problems are mainly caused by the drought. The consequences of the drought differ per region."

Consequences still unclear
At the moment, Rabobank receives few reports of liquidity problems due to drought. "For the time being, it is mainly a matter of fear for the future. Farmers do not yet know what the financial consequences of the drought will be. The liquidity problems will only arise later this year, for example if it turns out that the financial returns are significantly lower, or costs have to be incurred again. for the coming growing season."

It is clear to Huirne that a lot of extra costs are already being incurred; for example for sprinkling† According to him, the situation could change if short term rain fall. "However, less kilos are there anyway. Then the prices for the revenues can rise, but if you can deliver much less, the financial result is considerably lower on balance."

knock yourself
The ongoing drought is being closely monitored by Rabobank, as the financial consequences will become apparent in the coming six months. Huirne insists on the farmer's responsibility. "Make a liquidity budget in advance and knock on the door of the bank in time. In short, don't wait until the disaster is complete," Huirne advises. 

Do you have a tip, suggestion or comment regarding this article? Let us know

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.
Comments
17 comments
Sjon 2 August 2018
This is a response to this article:
[url=http://www.boerenbusiness.nl/algemeen/ artikel/10879487/huirne-wacht-niet-tot-de-ramp-com Compleet-is][/url]
Nice talk from Rabobank.
Many fipronil farmers have not done anything either
My advice. Make sure you stay in control without Rabobank
Jeroen 2 August 2018
complete lie stories
Tybalt 2 August 2018
Corpse pickers they are.
Tm 2 August 2018
You have to restore your own contingency plan, mister .. Instead of racks racks Dirty practices at that bank.
someone 2 August 2018
Bah what a hypocritical dirty bank, they do not want to help at all they have smelled money. I especially advise entrepreneurs not to borrow from this bank, they will stop at nothing and they mow you in front of you.
They almost made me bankrupt but luckily I was able to leave them, I was placed under special management for their fun and they also advised me to switch to ING while I had received a code from them. Never paid late but just turned off the money tap!! Please go to another bank!!
Subscriber
info 2 August 2018
All very negative messages, in my opinion which investor we take with our company's investment plans and who does not want to go along with our invest. shouldn't we even ask ourselves whether WE are right and don't want too much or too much and have to do a recalculation. Do we ever think about our visibilty and does your wife and or family want it, I often catch myself that I discuss it too little with them, financially they are often also involved, so also responsible.
someone 2 August 2018
The Rabobank is the most unreliable hypocritical scammer bank there is. Entrepreneurs I call on you all not to do business with Rabobank! If you don't love your life, your business and your family, don't trust Rabobank at all!!
advice nag 2 August 2018
first reduce the interest surcharges on risk-free loans before the disaster is complete
Subscriber
contract 3 August 2018
If you have not concluded a contract, the lower yield is automatically compensated by the price. So no liquid problems.

Wasn't it the banks that want us to enter into the contracts?
Dirk 3 August 2018
of plating and all the others, may I add, they are indescribably arrogant bastards. They have only 1 goal and that is the monetary gain of the bank. And yes, there for this purpose they need, among other things, farmers. When it comes down to it, they have no empathy whatsoever for the "customer" (read: victim), the interest of the bank always comes first and the customer comes second. Don't be fooled by their sweet talk. If you need to borrow money from them to achieve your goals, forget it. Just do it, don't make yourself a serf of those bastards and stay in charge. Then just a little less good people.
Subscriber
JP 3 August 2018
Dirk wrote:
of plating and all the others, may I add, they are indescribably arrogant bastards. They have only 1 goal and that is the monetary gain of the bank. And yes, there for this purpose they need, among other things, farmers. When it comes down to it, they have no empathy whatsoever for the "customer" (read: victim), the interest of the bank always comes first and the customer comes second. Don't be fooled by their sweet talk. If you need to borrow money from them to achieve your goals, forget it. Just do it, don't make yourself a serf of those bastards and stay in charge. Then just a little less good people.

I think if the account manager sits at your table, then you don't have such a big mouth anymore.
I agree with info that when you're not getting funding for something new, you need to ask yourself if your plan is good enough. But nobody wants to hear that. Rabobank is often a very good thinker in that area, but you do test how strong you are in your shoes.
Rabobank.............. my bank. I feel very much at home there.
bookscook 3 August 2018
JP wrote:
Dirk wrote:
of plating and all the others, may I add, they are indescribably arrogant bastards. They have only 1 goal and that is the monetary gain of the bank. And yes, there for this purpose they need, among other things, farmers. When it comes down to it, they have no empathy whatsoever for the "customer" (read: victim), the interest of the bank always comes first and the customer comes second. Don't be fooled by their sweet talk. If you need to borrow money from them to achieve your goals, forget it. Just do it, don't make yourself a serf of those bastards and stay in charge. Then just a little less good people.

I think if the account manager sits at your table, then you don't have such a big mouth anymore.
I agree with info that when you're not getting funding for something new, you need to ask yourself if your plan is good enough. But nobody wants to hear that. Rabobank is often a very good thinker in that area, but you do test how strong you are in your shoes.
Rabobank.............. my bank. I feel very much at home there.

Just make sure you don't ever need them and no other bank for liquidity problems, they help you from bed to straw with the usurious rates they charge for their 'assistance'!
They mainly help themselves!
hans 3 August 2018
It is strange that these kinds of feelings, previously only expressed by the intensive sectors, are now fully endorsed by the land-bound sectors with regard to these land prices. Free market, a lot of wealth with highly educated entrepreneurs, therefore create a fragile and vulnerable agricultural situation.
Dirk 3 August 2018
bookeskook wrote:
JP wrote:
Dirk wrote:
of plating and all the others, may I add, they are indescribably arrogant bastards. They have only 1 goal and that is the monetary gain of the bank. And yes, there for this purpose they need, among other things, farmers. When it comes down to it, they have no empathy whatsoever for the "customer" (read: victim), the interest of the bank always comes first and the customer comes second. Don't be fooled by their sweet talk. If you need to borrow money from them to achieve your goals, forget it. Just do it, don't make yourself a serf of those bastards and stay in charge. Then just a little less good people.

I think if the account manager sits at your table, then you don't have such a big mouth anymore.
I agree with info that when you're not getting funding for something new, you need to ask yourself if your plan is good enough. But nobody wants to hear that. Rabobank is often a very good thinker in that area, but you do test how strong you are in your shoes.
Rabobank.............. my bank. I feel very much at home there.

Just make sure you don't ever need them and no other bank for liquidity problems, they help you from bed to straw with the usurious rates they charge for their 'assistance'!
They mainly help themselves!
Dirk 3 August 2018
Dirk wrote:
bookeskook wrote:
JP wrote:

I think if the account manager sits at your table, then you don't have such a big mouth anymore.
I agree with info that when you're not getting funding for something new, you need to ask yourself if your plan is good enough. But nobody wants to hear that. Rabobank is often a very good thinker in that area, but you do test how strong you are in your shoes.
Rabobank.............. my bank. I feel very much at home there.

Just make sure you don't ever need them and no other bank for liquidity problems, they help you from bed to straw with the usurious rates they charge for their 'assistance'!
They mainly help themselves!


That's the way it is JP, and for that other serf: you're in bad shape if you regularly sit down at the table with the account manager of the bank where you feel so at home.
Then I would indeed not put on a big face. (You would feel sorry for you)
Subscriber
info 5 August 2018
You can comment and express your frustrations as an entrepreneur, but you also have to have the guts to sit on the chair of a couch, what would you say to that farmer who can show a not too good result from the past? years, that money from that bank is also only 96% borrowed by the bank that is the reality.
When you come up with a realistic and well-substantiated plan with a return of at least 10%, every bank will go with you.
Subscriber
crow 5 August 2018
Indeed a worthless bond for land-based agriculture, but this story is clear do not wait to ask for help until the last euro is in the current account.
geert 6 August 2018
Huirne was there himself when the Phosphate Reduction Act was drawn up and now pretend it just came out of the blue.!
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