Like a good harvest, success is something you grow.

"I really thought it was over when the harvest fetched the lowest prices we’d had in years. Some say it was bad luck, I say it was just lack of irrigation and limited cropland. And that’s something you can solve. With the right partner."

Florin Neacsu
SC ASMIN SRL
Agricover, Romania

“The drought in 2008 was tough, but I really thought it was over when the harvest fetched the lowest prices we’d had in years,” reminisces Florin Neacsu. “Some say it was bad luck, I say it was just lack of irrigation and limited cropland. And that’s something you can solve. With the right partner”.

By 2010, Florin had been in business for seven years, gradually extending the size of his farm to spread his risk. It also meant investing in much-needed equipment to maximise the yield from his harvests, including irrigation technology. And that meant financing. “Just as much as I want to trust my bank, I want the people there to trust me, too. I work with Agricover because they came to the farm to get a clear idea of my business. And their representative not only knew about farming, but also gave me some valuable advice,” Florin explains his choice to partner with Agricover Credit.

The latest cash discount loan of RON 73,000 (ca. EUR 7,300) in December 2012 covered urgent input requirements, such as fuel, seeds and fertiliser; and a factoring facility is maintaining solid cash flow.

Today, at 772 hectares, Florin’s farm is over four times the size it was when he started out almost ten years ago. He’s got the irrigation issue sorted and thanks to modern equipment – including a seeding machine – and efficient processes, he’s in a position to offer excellent products at competitive prices.



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