|
Loans to help purchase a farm
and equipment |
| Status of farmer |
Borrowing limit |
Aggregate loan |
Interest rate |
| Plains |
Other areas |
| Single or husband and wife on
separate farms
|
620,000 francs |
720,000 francs |
3.8% |
2.55% |
| Husband and wife on same farm |
930,000 francs |
1,080,000 francs |
12 years |
15 years |
| Husband and wife in partnership |
1,240,000 francs |
1,440,000 francs |
|
|
-
Loans from banks, who claim interest subsidy from
state and Brussels
-
To pay for additional land up to 100,000 francs
-
To pay for renovation work up to 200.000 francs
-
To pay for working capital up to 30,000 francs
-
Loans can be claimed up to 10 years after installing
|
Grants to help fund first three
years of farming |
| Status of farmer |
Plain areas |
Less favoured areas |
Mountain areas |
| Single or husband and wife on separate farms |
52,000 to
113,400 francs |
67,200 to
146,400 francs |
108,000 to
235,400 francs |
Husband and wife
on same farm |
52,000 to
165,400 francs |
67,200 to
213,000 francs |
108,000 to
343,400 francs |
| Husband and wife in partnership |
165,400 francs |
213,600 francs |
343,400 francs |
-
Joint-funded by state and Brussels
-
Must be between 21 and 40 years old with diploma in
agriculture
-
Must have done six months practical training away from
home
-
Paid in two lump sums - 70% in first three months, 30%
three years later
This article is reproduced with kind permission of Farmers Weekly.
For the Farmers Weekly website, click here: www.fwi.co.uk
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