Young farmers: €1 billion to facilitate access to finance
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.