RistoneHoldings purchased 4 combine harvesters (DEUTZ-FAHR C7206) and 5 planters (DMC Primera 9000-2C).
The next step is the purchase of tillage equipment from Kverneland and Bednar.
This year, approximately 120,000 tons of winter wheat, barley and rape were harvested.
Sowing of winter rape has also started. It is planned to increase the planned sowing areas for this crop.
Ristone Oil’s oil extraction plant has started operating at full capacity and started processing this year’s harvest.
We will remind that in March, the 3rd phase of the construction of the plant with an elevator for 20,000 storage units was put into operation. In the plans of Ristone Holdings – further development of this complex and expansion of its capacities, in connection with which the 4th phase of construction is already planned.
The elevators of the agricultural holding continue to receive grain. More than 150,000 tons of grain crops have already been sent for storage, both from our own farms and from local farmers.
We remind you that earlier we already reported on the acceptance of the first 100,000 tons of the early grain harvest of 2021.
Companies within Ristone Holdings have finished harvesting potatoes. At the same time, the harvesting campaign of sugar beets and corn continues. Harvesting of sunflowers and sowing of winter crops are nearing the end.
DTC completed the collection of cucumbers for the summer-autumn cycle. This year, the harvest during this period amounted to 437 tons of short-fruited gherkin cucumbers from an area of 60,000 square meters. m of greenhouses under glass.
The enterprise grows vegetables by the greenhouse method without the use of pesticides, using only biological methods of protection. Almost 90% of all DTK products are supplied to the “ATB-Market” trade network.
Harvesting for Ristone Holdings elevators continues. To date, more than 200,000 tons of grain crops and sunflowers have been taken into storage.
We remind you that at the beginning of October, the elevators of the holding received the first 150,000 tons of grain.
On October 20-21, the IV International Exhibition-Conference “Ukrainian Mushroom Days” was held in Kyiv, which brought together the main representatives of Ukrainian mushroom growing and companies from Holland, France, Germany, Italy and other countries on one site.
The Ristone Holdings team visited the exhibition: director of AGROFIRMA ORILSKA LLC Yuriy Mazan and manager of the champignon growing complex Oleksandr Shevchenko, head of the mushroom growing complex of SE AGROFIRMA MRYYA Ihor Formanchuk, director of compost production of AGROTANDEM-PLUS LLC Yuriy Samoishchenko and production technologist Oleksandr Samoishchenko.
Our specialists always attend key professional events in order to know the current trends and technologies of the industry, exchange experience with colleagues, and expand business contacts.
The farms within the holding have completed the sugar beet harvesting campaign from an area of approximately 500 hectares. According to the results of this year, the average crop yield was 650 t/ha.
In the matter of crop processing, RH continues to cooperate with the Lanniv sugar plant under the Davalnytskyi scheme.
Enterprises of the Ristone Holdings group have finished harvesting late crops. Corn and sunflower harvesting campaigns have been fully completed.
Dear and respected colleagues! From the bottom of my heart, I congratulate you on the professional holiday – the Day of the Agricultural Worker!
I am convinced that agriculture is the most important profession both in our country and throughout the world, you are the breadwinners of millions of people! Therefore, on this day, I would like to express my great respect to everyone, thanks to whom delicious bread, milk, oil, vegetables appear on the table in every house – because this is a guarantee of the health and prosperity of our people. Thank you to everyone – workers in the fields, farms, elevators and factories, engineers, agronomists, seedsmen, managers and heads of enterprises – you make a huge contribution to the well-being of the whole country and to the success of our Ristone Holdings every day.
This year, with the joint efforts of our team, we harvested another decent harvest, did a lot for the development of our common cause, and successfully overcame the next economic and natural challenges. And I know for sure that this result could not be achieved without the personal contribution and high professionalism of each of you!
I wish you, colleagues, that work brings pleasure, inspires accomplishments, opens new horizons! And, of course, the most important thing – health, happiness, stability to you and your families!
The chairman of the supervisory board of Ristone Holdings
Ristone Holdings values each of its employees and pays special attention to social policy, care for people. We try to create a comfortable working atmosphere, celebrate professional merits and achievements. Since the Agricultural Worker’s Day is one of the most important holidays for the team of the agricultural holding, every year the managers of the enterprises solemnly congratulate the teams and express their gratitude for their high professionalism and responsible work.
RH ends 2021 with good economic indicators, which certainly could not have been achieved without the professionalism and hard work of the team, therefore the management of the holding decided to reward more than 60 employees, including top management representatives, as well as managers and leading specialists of our enterprises – engineers, agronomists, economists, accountants who made a great contribution to the company’s success. A one-week tourist trip to Egypt was organized for them as a prize.
Agroholding adheres to high standards in its social policy and tries to create comfortable conditions for employees of its enterprises, motivate people to work productively and protect against burnout. And this cannot be achieved without quality rest and informal communication within the company. The trip provided an opportunity for specialists from various enterprises and areas to communicate in a relaxed atmosphere, exchange experience, their professional ideas and findings. This format of recreation creates ideal conditions for team bonding, which is especially important in the structure of such a multidisciplinary company as Ristone Holdings, in which all directions are connected into a single organism and closely interact with each other.
Modern agribusiness can use various financial instruments in its activities, not only traditional bank loans. In particular, guaranteed promissory notes. In agribusiness, they are usually written out as payment for seeds, pesticides and fertilizers delivered by the distributor. The mechanism of work is quite simple: in the spring, with the help of a promissory note validated in one of the banks, the company finances 100% of the cost of goods and material values, and in the fall – it is settled for them. Over the past few years, the market of valued promissory notes in Ukraine is estimated at 5 billion UAH, which confirms the demand for this banking service. Using our own example, we would like to talk about the possibilities and advantages of guaranteed promissory notes.
Guaranteed promissory notes VS loans
Why did Ristone Holdings start using promissory notes? Isn’t traditional lending more profitable? According to Vadym Nesterenko, the founder and chairman of the supervisory board of Ristone Holdings, a guaranteed promissory note is a cheaper banking instrument compared to classic lending. And saving money on the maintenance of the involved resources is an important advantage for any business. Rates for avalation of promissory notes usually vary from 2 to 4.5% per annum.
Sell products when it is profitable
Another advantage of a promissory note is that it allows you to sell products during the period of the highest prices for them, after receiving a payment delay from the supplier of the goods. According to Vadym Nesterenko, this is very important for the agro-industrial complex with its long production cycles. Also, the use of a certified promissory note confirms the reliability of the holding’s business reputation. After all, if a solid financial institution is ready to vouch for its financial obligations, this is a clear indicator that the holding is successful and solvent.
“The specific reasons for turning to these securities are the leveling of currency risks, which are a significant factor for agro-industrial complex enterprises, and the possibility of using a financial instrument at a low cost of service. In general, avalorized promissory notes give an opportunity to sell your products in the period of the most favorable price offer,” explains Vadym Nesterenko.
Leveling of exchange rate risks
A promissory note denominated in hryvnia, in contrast to a foreign currency bank loan or a supplier’s commodity loan, mostly pegged to the dollar, does not carry exchange rate risks at the time of its repayment.
“The exchange rate is fixed at the time of the first payment. This allows you to avoid additional costs due to a possible increase in the exchange rate at the time of final settlement. I do not find any disadvantages of using a promissory note with aval. On the contrary, I see it as a rather effective tool not only from the point of view of financial and economic activity, but also from the point of view of forming the holding’s reputation as a reliable, responsible and solvent partner. — explains the founder and chairman of the supervisory board of Ristone Holdings. – For the supplier of goods, a certified promissory note is a reliable tool for ensuring payment. Due to the bank guarantee, there is no risk of non-payment for already shipped goods, even in case of any temporary unfavorable market situation. Another advantage of the supplier is the ability to use the promissory note for further settlement of obligations. Therefore, promissory notes endorsed by a banking institution are a mutually convenient and reliable settlement tool, so the distributors do not make specific demands regarding the amounts. At least in our practice, this did not happen,” explains the founder and chairman of the supervisory board of Ristone Holdings.
Agroholding actively uses this financial instrument in its activities and has already managed to assess its advantages: it is an opportunity to save working capital, get more income from the sale of its products, and protect itself from currency jumps. In addition, this is an important reputational step that demonstrates the reliability of the company to its current and potential partners, investors.