News Business takeover
75 million euros for young farmers
The Asset-Enhancing Loans Guarantee Scheme (VVK) contains a total of €75 million for starting young farmers and horticulturists. Minister Carola Schouten (Agriculture, Nature and Food Quality) announced this in a letter to the House of Representatives on Tuesday 3 September. The scheme will be open from 1 January 2020.
At the start of 2019, Schouten already announced the arrangement and now there is more clearly created. The support measures for young entrepreneurs are part of the European agricultural policy, which is worth billions liberates for business succession in the sector.
Industry Challenges
Over several years, this concerns an amount of €75 million. The scheme can be viewed from Wednesday 3 September and will be open on 1 January 2020. This scheme will make extra loans available to young entrepreneurs who want to invest in innovation; this can be in the field of circular agriculture, biodiversity, animal health and/or animal welfare. The Ministry of Agriculture, Nature and Food Quality has worked out the scheme together with NAJK and Rabobank.
If you want to have a chance at an extra loan, you must first have an investment plan. This should clarify how circular agriculture is being done. This is a broad concept that also includes corporate social responsibility. The intended investment should improve the company's future prospects and thus its profitability.
Acquisition coaching
Of the €75 million, €11 million will be set aside for setting up a training and coaching process for company takeovers. At the request of young farmers themselves, there are opportunities to obtain advice and guidance for a sustainable business takeover.
Niels van der Boom
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.