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'Rabobank must take a loss on agricultural shrinkage'

2 October 2019 - Eric de Lijster - 26 comments

A day after the massive farmers' protest on the Malieveld, GroenLinks seems to be returning to the political order of the day. The opposition party believes that Rabobank should contribute to the decline in Dutch livestock farming. 

GroenLinks believes that Rabobank should take as its loss the loans to agricultural entrepreneurs that have been provided to farmers that are bought up. Bart Snels, Member of Parliament for Finance of GroenLinks, points out, among other things, the buy-out scheme for pig farms. Snels believes that taxpayers should not have to pay for this in full, he says in De Telegraaf.

According to him, Rabobank should therefore write off its loans to agricultural companies. Snels sees that as a 'moral duty.' The MP will ask Wopke Hoekstra, the Minister of Finance, to raise the issue with De Nederlandsche Bank (DNB). He wondered whether he should not have warned about the loans to agricultural entrepreneurs.

Rabobank says in a statement that the agricultural sector faces a challenge, reports The Telegraph. According to Rabobank, many agricultural entrepreneurs have invested in making their business operations more sustainable or are working on plans for this. "For us, this is about the interests of both the farmer and society. It is up to the entrepreneur to determine the moment of investment and the pace of sustainability," the bank says.

While many Dutch agribusiness companies expressed their support for the Agractie, Rabobank kept quiet.

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Eric the Thrush

Eric is a member of the editorial staff of Boerenbusiness. As a descendant of an arable family, farmer's blood flows through Eric's veins. He considers himself a generalist, but with a preference for economics, trends, markets and marketing.
Comments
26 comments
durk 2 October 2019
This is in response to it Boerenbusiness article:
[url=http://www.boerenbusiness.nl/varkens/ artikel/10884193/rabobank-moet-loss-take-op-shrinkage-agriculture]'Rabobank must take a loss on shrinkage agriculture'[/url]
Easy talk from GroenLinks, so she still does not deny her communist origin.
Because Rabo has an 85% market share, it has to bleed, but green accountants and the feed factories have always promoted the increase in scale and major business expansions the most.
andre vw 2 October 2019
I think Rabobank also has a lot of tax payers.
(definitely more than green left)
So with this idiotic idea the citizen also pays.!!!!!!!!!!!!!!!
Student 2 October 2019
The fact that Rabobank focuses too strongly on intensification is perhaps a justified point. However, the entire intensification is based on government policy from the 50s. So the Rabo allowed the entrepreneurs to make investments because a climate had been created for it by the government. Let's think politicians...
Gert Jan 2 October 2019
Typically GroenLinks, now shift the blame to Rabo. But they have been in The Hague for years and are therefore partly responsible for the policy in The Hague?!
Why did they not stand up when it was about, for example, abolishing the milk quota?
Die Klaver also kept proclaiming yesterday: "The truth is.... bio-industry is bankrupt...... blablabla". That is his "truth", but not the truth. Because large-scale livestock farming still exists, if that's what he means by it.
January 10 2 October 2019
Will like the savers of the RABO. Earn virtually zero interest, but cross out the farmers' mortgages.
That whole leftist clique does not come out with a sensible proposal
pater 2 October 2019
The rantstad and the west just have to deal with big polluters the Hoogovens schiphol leaves the port of roterdam who buy out the livestock farming for prices that we can also buy something back They look like Putin who also orders and thinks alone but to itself
Drikus 2 October 2019
Groenlinks is now meddling in matters that have absolutely nothing to do with it. This no longer has to do with free business. If you provide a loan to something that requires a permit and therefore the permit has been granted. Then the bank has done nothing wrong. Then you can also hold the contractor liable. and anyone who does business with these companies . I think that this party members should also ensure that poor people, sick people, minimum income, etc. have to support with their money. Because they are also at the helm and have not solved this . So dock and don't put someone else in front of the cart. Woman 5 days dead in home home care was on vacation and so we can name more things how can that be true were they then of the Green Left . They should have solved these problems . There is, however, whining about Zwarte Piet and boys and girls toys about how they should now be offered in the store. This is up to the retailer itself. he or she does not do this according to the customer 's wishes . Then he buys his stuff somewhere else or adapts. There would be fewer rules and laws. It only adds to how to maintain this nonsense, one does not know. Because the person who has to maintain it does not know in the long run where the line is between normal and invented nonsense. Not the bio industry is bankrupt, but politics is bankrupt. Because it costs a lot of money and makes little sense.
Subscriber
Dark 2 October 2019
So Durk and everyone else.
Do you not think that GroenLinks' proposal is a neat arrangement for the farmers who have been bought up or who have stopped?
After all, the Rabobank is not going free in the debacle either.
Now let them share in the loss.
You really don't have such nice people at Rabo.
Subscriber
smart ass 2 October 2019
I think we don't have to hand in anything, it was agreed yesterday

first the other sectors that have not done anything in the past 10 years
camp farmer 2 October 2019
So there is a supermarket. The municipality thinks the parking lot is too full and says to the shop; you can only put half of the shelves in the store, if you can't pay the bills, the bank has to buy the half where you can't put anything in and leave it empty itself. (What do you think? realistic or not)
Peter 34 2 October 2019
After having invested a lot in measures that society (The Hague, the green lobby, the EU) has imposed on agriculture, it is time to first look at other less fresh companies, especially aviation. But strangely enough, it remains untouched. Now Schiphol (and Lelystad) suddenly becomes an option in the sea, to stay ahead of the political antics, literally fleeing behavior without taking responsibility for the mess that is currently being caused there. Before agriculture takes a step, make firm political commitments about the much-needed SHRINKAGE of aviation. Something like -30 %, 10% over the next 3 years. Otherwise no home for farming. And Lelystad is of course already a DEAD DUCK.
I don't hear GL and Milieudefensie talking about shrinking aviation at all. Certainly does not come in handy in the canal belt ideal image.
And from 130 to 120 km? what a trifle. Come on, straight to 100 km max throughout NL. And that Zandvoort nonsense, what serious politician would see any use in that? Toys for the boys, they are deeply ashamed of their hypocritical intention.
Bert 2 October 2019
I think Postcodeloterij can help pay for the purchase of livestock farms.....
Subscriber
polder pager 2 October 2019
It's not that complicated. They want nitrogen space for housing.
We have the space they want it so they can buy it.
They have simply become rights and they must be tradable. Soon you will be asking for a mortgage for a house and nitrogen space. That's great, man. Another hot air trade!!
Drikus 2 October 2019
Dear Dark, the RABO people are certainly not all nice people. But the entrepreneur himself takes the decision to expand or adapt his company . He or she sometimes has advice from specialists who support the entrepreneur. But the entrepreneur decides what happens and is therefore also responsible. And nice or unkind plays no role in this . So this also applies to agriculture and livestock. But due to rules, advice companies are sprouting like mushrooms. And these also trade in the hot air of Dear polder pipit. And if this hot air can be sold outside agriculture for a great price, this is a blessing for the stoppers. But I would first consult my tax advisor because the tax can sometimes be unkind . Sometimes continuing can yield more net in the long run . Because all those nice advisers all want their share and so does the unkind bank.
bank management 2 October 2019
We as a bank never take a loss, at most we earn less more. And we're just raising the raises.
Karel 3 October 2019
Polderpieper gets it!!!
Bert 3 October 2019
Really another comment from a Left Liar
Rabobank is the only bank that has kept itself afloat during the crisis, all other banks were heavily subsidized or collapsed!!!
Subscriber
Best 3 October 2019
shit out man when the bank came to have a negative equity position they started to impose phosphate rights on the farmers and that worked out mercilessly for the bank have you already paid the interest swaps back no do you already have the interest back from your current account got paid that you paid too much because it went back to the euribor no? they don't say that to you as a married farmer customer has always come to his obligations neatly
John Lapwing 3 October 2019
The food prices in the supermarkets have been 50% too low for 25 years, this has caused the increase in scale. For example, in 1970 I had a reasonable income as a fruit grower on 7ha in 2019 I am unable to earn the minimum wage with 15 ha to let my successor take over my company to have it taken .jan kievit
Subscriber
farmer 3 October 2019
Tjeerd de Groot said during the protest:

You will notice what our policy is. (shocking).
Yesterday, the green left also conveyed this in the conversation with the Rabobank CEO.
Please note. Politicians are not willing to pay a cent for the voluntary, but above all compulsory disappearance.
Because politicians in The Hague prefer to spend the money on other things, Rabobank is now being blamed for the problem. And they must bear the costs of any remediation.
My tip.
Never, ever let yourself be bought out.
The entire nitrogen story at the moment is due to the policy of The Hague by agreeing to standards that are too low and not being able/willing to oversee the consequences.


Karel 3 October 2019
If the Company (Taxpayer) wants something from us, they should get used to having to pay!!!!
.J.Mommer 3 October 2019
When the so-called recycling agriculture is applied in the Netherlands and the product becomes more expensive, I wonder how the consumer will react. Those who now want to buy the most environmentally friendly can buy organically grown products. Only a small proportion of consumers are able and willing to pay for this. When Dutch products become more expensive, you will see that cheaper imported products come onto the market, which are already known to have a greater impact on the environment in production.
I would also like to point out that agricultural companies around nature reserves should never be added to those nature areas. The problem will then only grow. So agricultural land must hold this destination.
Peter 3 October 2019
Frans Timmermans of the European Parliament knows how to halve the cap subsidy and use the money to support the climate in other words, smoke out farmers!
Peter 3 October 2019
and This French carpenter gets 25.000 euros per MONTH. Salary
Team 3 October 2019
Why do the farmers on one side of the country have to stop if we want to put Formula 1 on the other side?
Think you can grow food better than drive a car.

Aviation is allowed to grow, because that is good for the economy, and a farmer is not? A farmer provides food so that we have people who can keep the economy running

I agree that a bank must and can take its loss. But the fact that a politician who earns 7500 euros a month is not in contact with society, is sifting about whether or not Black Pete, toys and whether what he says is politically correct or an opinion, that also fills my stomach. .

But tackle the capital now, because otherwise the farmers will protest even more, want to get ahead of the social unrest.

Well THAT'S POPULISM
John 3 October 2019
As long as he is where he is now, nothing needs to be done..
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