Dutch farmers family want to buy a larger Slovak farm and relocate to Slovakia
A Dutch family was confronted with the difficult situation in the Netherland to further expand their business to keep the family business profitable and to be able to generate a solid income.
Situation
Dutch farmers family want to buy a larger Slovak farm and relocate to Slovakia
A Dutch family was confronted with the difficult situation in the Netherland to further expand their business to keep the family business profitable and to be able to generate a solid income. Over a longer period of time they visited several farms that were offered for sale in different countries. In the end the family decided for Slovakia due to a combination of favorable factors.
Their focus was to acquire a running crop farm in Slovakia with around 1000 hectare of arable land, including a farmyard and storage buildings. Since the family had seen various farms already they knew that how the farm was being operated at the time of acquisition was less important than its location and the quality of soil and climate conditions. As the family members had their education in agriculture and experience from running their farm in the Netherlands, the operational state of the farm was less important. Their goal was to implement their own know-how and experiences.
During the search process for a suitable farm that was for sale, the family contacted Pro4CE. Our role was to find a suitable farm and advise and support the family during the complete acquisition process.
Pro4CE consulting and brokerage role
Search and selection of potential farms, developing acquisition strategy, contracting of best candidate
Based on the requirements from the family, Pro4CE initiated the search for potential farms. In this process, we obtained extensive information on relevant details of the pre-selected farms (including ownership structures, soil quality, yields, land structure, finances, etc.). Pro4CE negotiated on behalf of the family with the seller of the selected farm which resulted in drafting and signing of the pre-purchase agreements. Pro4CE supported the farmers through the “due diligence process” and was directly involved in all steps of the acquisition process, including the final contracting. Although negotiations with the selling party were sometimes complex the acquisition process went relatively smooth.
Outcome
Acquisition of a 1.000 hectare crop farm in West-Slovakia
After a period of intensive cooperation between the family and the Pro4CE team, a 1.000 hectare crop farm, including farmyard, buildings and machinery was acquired in Western Slovakia. The family was finally able to relocate to Slovakia and implement their strategy to transforming the company into a modern agricultural business.
