Фил Хоган

The European Commission and the European Investment Bank (EIB) launched today a €1 billion loans package targeting specifically young farmers. In 2017, 27% of the loan applications submitted to banks by EU young farmers were rejected, compared to only 9% for other farms.

The €1 billion package announced today by Commissioner for agriculture Phil Hogan and EIB Vice-President Andrew McDowell, aims at increasing access to funding for EU farmers, especially young farmers.

The EU Agricultural Outlook conference, which this year has the title “The future of food and farming: food for thought”, has become the key annual gathering of European policymakers and stakeholders, providing a unique opportunity to engage and discuss the future of agriculture in Europe and the challenges which lie ahead.