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Agriculture : European Commission & European Investment Bank launch EUR 1 billion loans package for young farmers in Europe

The European Commission and the European Investment Bank (EIB) have launched a loans package of EUR 1 billion that specifically targets young farmers, based on the finding that in 2017, 27 percent of the loan applications submitted to banks by young farmers in the EU were rejected, compared to only 9 percent for other farms, the EC said in a statement. The package, announced on Monday by Agriculture commissioner Phil Hogan ...

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