Rabobank focuses on frontrunners in agriculture

Rabobank will remain open to new farmers' customers, focusing on the frontrunners in the agricultural sector. The bank reported this today to Boerenbusiness. Friday ppublished We already know that the nitrogen plans will make the bank look more closely at the future prospects of the farmer in question when applying for financing.

"The door for farmers is open and will remain open," the bank said. "The government's nitrogen plans evoke a lot of emotion from our customers and they also rightly ask us as a bank for clarity when we do or do not finance. Due to a lack of clarity what exactly the government plans mean for individual agricultural entrepreneurs, there is unfortunately no unequivocal answer. to give up."

Look more critically at financing expansion and acquisition
The bank continues in a written explanation: "The main thing is that we continue to assess each financing application individually: loans that we provide must contribute to the perspective and the revenue model of an entrepreneur and the sustainability of his or her company. The future of farms, in the especially around Natura 2000 areas, is very uncertain at the moment. It is very important to have a good conversation with the entrepreneur about the future of the company. We think it is wise, as a bank, to look even more critically at financing applications for expansion and company takeovers. We are looking at the extra risks of the government's nitrogen approach for the business model and the future-proofing of the company. The bank will also remain open to new customers and will focus on frontrunners in the agricultural sector."

Rabobank does not provide any further details about its lending.

Linda van Eekeres

Linda van Eekeres is co-writing editor-in-chief. She mainly focuses on macro-economic developments and the influence of politics on the agricultural sector.

l.vaneekeres@boerenbusiness. Nl

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