Renewable RECC activities gaining
good momentum in Asia
RELEASE NEW FARM
RANCH CONFIDENCE
SURVEY
Asia
nc
Asset financing in renewable energy in
Asia was worth approximately USD 17
billion in 2008, and Rabobank has noted
a growing cliënt base working on clean
energy sources and climate change mitiga-
tion through emission reduction projects.
As a result of these developments, Jotdeep
Singh relocated from India to Singapore in
October 2008 to head up the Renewable
Energy and Carbon Credits (RECC) Asia
operations and set up a competence
centre. Since then, he has given RECC
presentations to relationship managers and
travelled around Asia to discuss business
opportunities with the region's Corpo-
rate Banking teams. Externally, key media
including Bloomberg, Dow Jones.The
Business Times and Channel News Asia
attended an RECC media briefing held in
April in Singapore. At the 4th Renewable
Energy Finance Forum China held in Beijing
in May, Jotdeep delivered a presentation
that focused on Rabobank's view of the
Asian and Chinese renewable energy and
carbon markets across different project
types, and the impact the global financial
crisis has had on it.
An RECC cliënt briefing is scheduled for
Kuala Lumpur in late June, which will be
an excellent opportunity to showcase
Rabobank's experiences in RECC financing,
advising, and trading in Asia and Europe.
Earlier this year, Rabobank launched a survey to
gauge farmers' confidence and found that, while
farmers' outlook on the economy generally mirrors
that of the overall population, more than half of farm
ers surveyed are employing risk management strate-
gies to help navigate this difficult economie climate.
"Our survey demonstrates that US farmers and
ranchers are tackling the current economie environ
ment head on by making smart choices to help them
weather the storm," said John Ryan, president and
CEO for Rabo AgriFinance. "While many are hurting
because of the economy, there is some optimism
that the situation will improve next year."
Impact bv Economy
(Total farmers 458)
Future Outlook
(Total answering 374)
No
16%
More
favorable
The same
Less
favorable
According to the Rabobank Farm Ranch Survey,
more than half of all US farmers have recently
implemented, or plan on investing in, risk
management or marketing strategies. Among
those, pre-selling crops/livestock is the most regularly
used risk management approach, followed by
hedging future commodity sales and lock-in
margins. "We are in the midst of difficult financial
times, but this survey illustrates that farmers are taking
steps to mitigate their risk, which will ease concerns
about the future," said Ryan.
However, deployment of risk management strategies
varies based on the degree of concern about the
US agricultural economy. The survey indicated that
farmers' level of concern decreased the more risk
management solutions they employed. While 45
percent of farmers who are
concerned about the agricultural
economy use at least one risk
management strategy, for example,
the percentage employing risk
management solutions increases
to 60 percent for farmers who are
somewhat concerned, and to 80
percent for those who say they are
not concerned.
100%
Ql2d
Q.12e
Wereyour responses in any way impacted by the current state of the economy oryour farm 's financial situation?
!f the current state of the economy or farm 's financial situation was better. wouldyour response to the fut ure outlook be...?
Finance Forum-Chto<
issue 20 THE WORD
