A European programme to finance up to €1 billion in reduced-interest loans for young farmers was launched on Monday 29 April by the European Commission and the European Investment Bank (EIB).
The objective of this initiative is to correct the current system, which is unfavourable to young professionals in the agricultural sector.
Just over a quarter (27%) of loan applications from young farmers in the EU are rejected, compared to 9% for farmers, the Commission deplores, which is...