{"id":47580,"date":"2020-06-25T02:00:34","date_gmt":"2020-06-25T00:00:34","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=47580"},"modified":"2020-06-26T10:44:22","modified_gmt":"2020-06-26T08:44:22","slug":"needs-of-farmers-and-agri-food-companies-are-significant-also-in-light-of-the-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/needs-of-farmers-and-agri-food-companies-are-significant-also-in-light-of-the-covid-19-crisis\/","title":{"rendered":"Needs of farmers and agri-food companies are significant, also in light of the COVID-19 crisis"},"content":{"rendered":"<p><strong>Needs of farmers and agri-food companies are significant, also in light of the COVID-19 crisis, and EAFRD\u00a0funded financial instruments have a role to play in bridging these gaps<\/strong><\/p>\n<p><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass.png\"><img decoding=\"async\" class=\"size-medium wp-image-47575 aligncenter\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass-300x190.png\" alt=\"\" width=\"300\" height=\"190\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass-300x190.png 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass-1024x648.png 1024w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass-768x486.png 768w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2020\/06\/fi-compass.png 1374w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Based on the feedback of 7,600 farmers and 2,200 agri-food companies across the EU, <a href=\"https:\/\/www.fi-compass.eu\/eafrd\/fi-compass-study-financial-needs-agriculture-and-agri-food-sectors-24-eu-member-states\">24 country-specific fi-compass reports<\/a> present the main challenges faced by these two groups when it comes to access to finance. The reports also estimate the <strong>financing gap for agriculture in the EU between \u20ac19.8 and \u20ac46.6\u00a0billion<\/strong>, while for the agri-food sector the estimated gap is more than \u20ac12.8 billion. These financial needs are likely to be exacerbated by the current crisis.<\/p>\n<p>The reports reveal that in most European countries, financing of agriculture is subject to higher interest rates and unfavourable conditions when compared to other sectors of the economy. In addition, no matter the performance of the sector, the reports found that there was insufficient flexibility in lending and repayment conditions \u2013 something that is particularly needed in agriculture.<\/p>\n<p><em><strong>fi-compass<\/strong> <\/em>(a joint initiative between the <strong>European Commission\u2019s ESIF services<\/strong> and the <strong>European Investment Bank<\/strong>) analysed in detail the financial environment in which farmers and processors in each country operate. This includes banking systems, major financial players for the two sectors, and what is offered as loans, guarantees and various financial schemes with national and\/or EU financing. The reports also provide country-specific conclusions on how to improve existing financial instruments and set up new ones. They also identify weaknesses related to low levels of farmers\u2019 financial literacy and lack of banks\u2019 knowledge on agriculture.<\/p>\n<h3>More information:<\/h3>\n<p><a href=\"https:\/\/ec.europa.eu\/info\/news\/needs-farmers-and-agri-food-companies-are-significant-2020-jun-11_es\">Complete news. European Commission<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Needs of farmers and agri-food companies are significant, also in light of the COVID-19 crisis, and EAFRD\u00a0funded financial instruments have a role to play in bridging these gaps Based on the feedback of 7,600 farmers and 2,200 agri-food companies across the EU, 24 country-specific fi-compass reports present the main challenges faced by these two groups [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4063,4061,4093,346,4092],"tags":[355,1352,2366,1990,1642],"class_list":{"0":"post-47580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agr-pol","8":"category-agr-liv-far-fish","9":"category-diseases","10":"category-eu-news","11":"category-health","12":"tag-agriculture","13":"tag-covid-19","14":"tag-covid-19-2-en","15":"tag-eafrd","16":"tag-farmers","17":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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