Farmers' loan bank in Germany lowers interest

German farmers can count on more favorable interest rates, as the Landwirtschaftliche Rentenbank has cut the nominal interest rate by 0,1 percentage point. This is a result of developments on the capital markets, Agarheute reports.

Under favorable circumstances (creditworthiness class A), the effective interest rate is now 1%, with a repayment period of up to 30 years and a fixed interest period of 10 years. In the classes below, the fixed-rate period has been extended to 8 years. Until recently this was 6 years.

Focus on farmers
The Landwirtschaftliche Rentenbank is one of the most important lenders in the German agricultural sector and focuses specifically on entrepreneurs in the agricultural, horticultural, fishing, forestry and energy sectors.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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