The EU Commission, the European Investment Bank (EIB), and in particular, the loan program is 1 billion euros to support young farmers announced that it has initiated.
Accordingly, banks in the member countries will contribute in equal proportion to the amount of financial support provided by the EU and will allow the available credit for farmers under the age of 40 years.
Interest on these loans will be low, the first 5 years will not be extended repayment and maturity of 15 years.
price volatility or problems that may arise in the agricultural sector should be considered and may be delayed repayment of loans in hard times.
According to the data, the average age of farmers in the EU Member States remains at a high level. Only 11 percent of workers in the agriculture sector, under the age of 40 years.
in order to increase participation of young people with the support of the agricultural sector, particularly hard and said loans are meant to support young farmers in this area.