Pricing Agribusiness Risk

Our expertise and experience in pricing risk in agribusiness enterprises is central to our ability to advise on capital markets funding strategies.

Legal Notice

Website Terms of Use

Access to this website (the “Site”) is provided by Hardman Research Limited, trading as Hardman Agribusiness.

This website offers data on, information concerning, and research reports on our corporate clients. By purchasing a report from us or subscribing to any current or future services, products, applications, and/or data made available on or through the Site you agree to be bound by these terms and conditions (the “Agreement”).

Access to the Site including the web pages, reports, data, images, charts, logos and all other material contained herein (the “Information”) is therefore provided to you subject to the following terms and conditions.

Hardman Research Ltd trading as Hardman Agribusiness reserves the right to make changes to the Site or the terms of this Agreement at any time, at its sole discretion. Your continued use of the Site shall constitute your acceptance of the then-current Agreement, even if you have not confirmed acceptance of the changes.

In the following paragraphs references to “Hardman Agribusiness” and “Hardman Research Ltd” shall include our employees and affiliates, where appropriate. The Site and related reports and services are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject the Companies to any licensing or registration requirement within such jurisdiction.

Under no circumstances are the contents of the Site and related reports and services to be construed as any offer, or any solicitation of an offer to buy or sell investments or other financial instruments, products or services. The Information in the Site and related reports and services is provided to you for information purposes only, and you hereby acknowledge that access is provided solely in that connection and not in connection with any investment decisions.

This Site does not take into account your investment objectives or your specific financial or other circumstances and does not constitute any form of recommendation.

The Company may have distributed information contained in the Site prior to its publication on the Site. The Company, its employees or affiliates may perform services for or solicit business from companies referred to in reports.

The opinions, estimates and other information in our reports and contained on the Site have been derived from published sources and other generally available data that we believe to be reliable.

The Company has made best endeavours to produce information that is accurate and useful to the reader. We make no representation or warranty of any kind, either express or implied, as to the accuracy or completeness of the opinions or other information or the reliability of the sources and data.  The opinions and other information on this report are provided “as is”. The Company is under no obligation to update the opinions and other information, correct any errors or omissions, or inform you of any errors or omissions. We maintain the right to alter or delete the opinions and other information in this report without prior notice.

Hardman Research Ltd trading as Hardman Agribusiness does not make recommendations. Where a fair value price is given in a report or on our website, this is the theoretical result of a study of a range of possible outcomes, and not a forecast.

The Company is not liable for any loss, financial, reputational or otherwise, as a result of the contents of, or any reliance placed upon information contained on this Site or in any report. Any errors identified and reported to the Company will be investigated.

We make no guarantee that the Site and related reports and services will be delivered, accessible or updated in a timely or uninterrupted form, nor that viruses or other harmful items will not be transmitted in connection with your use of the Site.

The Site may not be used for any unlawful purpose. You have no right to copy, modify, distribute, reproduce, publish, license, transfer, or sell any Information obtained or accessible through the Site or reports sold from the site.

Information obtained or accessed from the Site or from reports sold from the site is for your informational purposes only and shall not be copied, transferred, merged, sold, emailed, sublicensed, extracted, reproduced, published, distributed, disseminated, reposted, displayed, reformatted, or combined for any purpose in any medium, form or manner, for use by a third party or any commercial purpose, except with the prior written consent of Hardman Research Ltd trading as Hardman Agribusiness. The Site may not be mirrored, scraped, mined or otherwise accessed by equipment, software or other means which facilitate anything other than direct, individual, in person, non-automated use by you. For the avoidance of doubt, no Information obtained or accessed from or through the Site or via reports sold from the site may be posted to forums, newsgroups, mailing lists, electronic bulletin boards or other websites without the prior written approval of Hardman Research Ltd trading as Hardman Agribusines.
You agree to cooperate and comply with all investigations of abuse, complaints, third party infringement or any other unauthorised access of the Site and/or Information.

Privacy: Please see our Privacy Policy for information on how we collect and use personal data.

Links to Other Sites: While we have reviewed the websites to which this Site may link at the time of the link’s creation, such links are not subject to continuous maintenance, and we are not responsible for the content of any other websites or pages linked to or linking to this Site. Such links are provided solely for your convenience and information. Following links to any other websites or pages shall be at your own risk.

Limitation of Liability and Indemnity: Neither the Companies nor any of their employees, officers, agents or affiliates will have any liability to you for any loss, expense, cost or liability (together “Loss”) suffered by any person, arising from reliance upon any information, statement or opinion contained in any information provided to you (whether such Losses are caused by our or their negligence or otherwise).

Without prejudice to the preceding paragraph, neither the Company nor any of its employees, officers, agents or affiliates shall be liable for any loss suffered or incurred by you arising out of or in connection with Hardman Research Ltd’s or Hardman Agribusiness’ relationship with you, unless such loss is suffered or incurred as a result of Hardman Research Ltd trading as Hardman Agribusiness’ wilful default or fraud. In no circumstances shall Hardman Research Ltd trading as Hardman Agribusiness have any liability to you for indirect, consequential or special losses and damages.

Nothing in this Agreement shall oblige Hardman Research Ltd trading as Hardman Agribusiness to act in contravention of applicable laws, regulations, directions of authorities or regulators, market customs or practices.  You accept that The Company is entitled to take such action or omit to take such action in accordance with those applicable laws, regulations, directions, customs and practices and shall not be liable to you for the consequences of so doing.

Confidentiality: The data contained in the reports provided from this site are confidential.  The redistribution of this data in any form is absolutely forbidden without the prior written consent of The Company.

Illegality: If at any time any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of this Agreement under the law of that jurisdiction nor the legality, validity or enforceability of such provisions under the law of any other jurisdiction shall be in any way affected.

Law and Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of England and Wales. You hereby agree that the courts of England shall have exclusive jurisdiction to determine any suit, action or other proceedings relating to this Agreement. You hereby waive any claim that such suit or proceeding brought in the courts of England and Wales has been brought in an inconvenient forum, and agree that you will not bring any legal action against the Company or its affiliates in any other jurisdiction.


Privacy Policy

This privacy statement discloses the privacy practices for Hardman Research Ltd trading as Hardman Agribusiness (details below). We do not share users’ details with any 3rd parties. We may maintain mailing lists for marketing purposes and these are stored by a third party mailing list specialist. We may retain your details to send you marketing literature. It is important for you to review this Privacy Policy.

Information Collection and Use
Hardman Research Ltd trading as Hardman Agribusiness is the sole owner of the information collected on this site. We will not sell, share, or rent this information to others, nor shall we use it other than in the ways disclosed in this statement. Hardman Research Ltd trading as Hardman Agribusiness collects information from users at several different points on our site.

Web Site Registration
In order to use some features of this website, users may first be required to complete a registration form. During registration, users are required to give their contact information (name and e-mail address). This information is used to contact users about the topics on our site where they have expressed interest (or not opted out) and to enable users to retrieve lost passwords. It is optional for the user to provide certain additional information.

Cookies uses cookies to remember if users have logged in while on our sites. This allows web site users to avoid logging in more than once, thereby saving time. Users have the option of disabling or not accepting cookies by changing the preferences on their browsers*. If users opt to disable cookies, they will still be able to use our Web site. However, they may not be able now or in future to use certain functionality. No personally identifiable information (e-mail address, name, etc.) is collected with the cookies that we set. Accepting cookies while on our sites will not put the user at risk of receiving marketing from other sites.*Different browsers have different cookie settings. See the “Help” section of your particular browser for more information on working with cookies.

Web Statistics
We may use IP addresses to analyse trends, administer the site, track user movement, and gather broad demographic information for aggregate use for reporting and potentially advertising and sponsorship purposes. IP addresses are not linked to personally identifiable information.

We may share aggregated demographic information with business affiliates, for example advertisers. This is not linked to any personal information that can identify any individual person. We may share information on site usage with our corporate clients. We will not sell or rent your personal information to third parties for their marketing purposes without your explicit consent. However, in order for us to offer our services to our users; enhance the quality of our service from time to time; and protect the interests of our users, we will in limited circumstances share some of your personal information with third parties under strict restrictions, as described in more detail in the section “Our Use and Disclosure of Information”.

Our Use and Disclosure of Information
Internal Uses: The data we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may also be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff maybe engaged in, among other things, the fulfilment of your order, the processing of your payment details and the provision of support services. By submitting your personal data, you agree to this transfer, storing or processing. The Company will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy. Our primary purpose in collecting personal information is to provide you with an efficient experience, and our corporate clients with information about investor interest. You agree that we may use your personal information to provide the services and customer support you request; tailor and improve our services and the content and layout of our website; and where users have opted in, potentially to deliver targeted marketing.

Marketing: If you don’t wish to receive marketing communications from us you can opt out on registration, follow the unsubscribe links in the marketing email or contact our help desk with a request to unsubscribe. We take your privacy seriously.

Disclosure to Third Parties: We will not sell or rent any of your personal information to third parties for their marketing purposes without your explicit consent, and will only disclose this information in the limited circumstances and for the purposes described in this policy.

This Web site contains links to other sites. Please be aware that Hardman Research Ltd does not claim any responsibility for the privacy practices of such other sites. We encourage our users to be aware when they leave our sites and to read the privacy statements of each and every Web site that collects personally identifiable information. This privacy statement applies solely to information collected by this Web site.

This Web site takes every precaution to protect our users’ information, and we have security measures in place to protect the loss, misuse, and alteration of the information under our control. For example, users’ passwords are stored in encrypted form.

Occasionally, our site may request information from users via Web surveys. Participation in these surveys is voluntary and the user therefore has a choice whether or not to disclose this information. Information requested may include demographic data (such as employment or age), but nothing that can identify any individual person will be collected. Survey results may be used for monitoring or improving the use and satisfaction of this site.

Send This to a Colleague/Sharing Information
If users elect to use any “Send This to a Colleague” or similar function, you agree that you must first obtain the consent of the relevant individual before sending your friend’s name and e-mail address. Hardman Research Ltd will automatically send colleagues a one-time e-mail message inviting them to visit the site. Hardman Research Ltd stores this information temporarily for the sole purpose of sending this one-time message.

We may also send the user site and service announcement updates, or notices concerning a report, presentation, app or visualisation which they have purchased, where for example we have identified an error in the data. Users are not able to unsubscribe from service announcements that contain important information about the service. We communicate with users to provide requested services and to discuss issues relating to the site via e-mail.

Correction/Updating Personal Information
If a user’s personally identifiable information changes (such as a postcode or e-mail address), or if a user no longer desires our service, you should notify us as soon as possible.

Our users are given the opportunity to “opt in” to newsletters and site update e-mail messages. To unsubscribe from mailings, please see that section above. To unsubscribe from any updates, users can email  and we shall remove them from the relevant marketing list.

Notification of Changes
If we decide to change our privacy policy, we will post a comment on this page that the policy has changed so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by e-mail. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

Customer Service Correspondence: If you send us correspondence, we generally retain such information in our records and in the records of your account. We will also retain customer service correspondence and other correspondence from the Company to you. We retain these records in order to keep records of our relationship, to measure and improve our customer service, and to investigate potential fraud and contraventions of our User Agreement.