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."
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.
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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.
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.
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!
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!