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The Central Government and farming organizations to reach an agreement that involves an injection of more than 2,400 million euros (08/04/2010)

The Government of Spain through the Ministry of Environment, Rural and Marine Affairs, has reached an agreement with farmers' organizations which will involve an injection of liquidity of over 2,400 million euros and various measures that will enable the government to facilitate the financing of the agricultural sector.

Francisco Abellán, autonomic Senator and member of the Bureau of the Environment Committee in the Senate, "is an agreement with agricultural organizations very positive to help this sector."

Abellán adds that, "again, the government of Spain wants to be close to the farmers, the agricultural sector, Murcia and wants to help many families who need to get ahead with their investments will find it easier to obtain liquidity facilities to return their loans and helping to consolidate the investments in their agricultural production. "

There are six measures that will provide easier access to credit, liquidity ICO 2010, which is available to this sector 1,300 million euros of capital and the Ministry also takes costs management fees and coverage.

Another measure is that the Ministry funds the cost of the collateral to access loans, the maximum guaranteed loan will be 50,000 euros.

In addition, through this agreement will increase in two years, the lack of principal support in the operation of the livestock sector reflected in the Order of January 31, 2008.

Also extending the plan to stimulate investment in the agrifood sector and granted a moratorium of two years for a moratorium on loans for modernization of farms.

Finally, the sixth step is to provide liquidity through the Aid for Operations Modernization and integration of young farmers, allocating the stock bonus interest repayments of principal.

Source: PSOE Jumilla

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