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    We are launching a loans package of nearly EUR 1 billion for agriculture and the bioeconomy. In this package, a EUR 700 million programme loan for agricultural small and medium enterprises will be managed by local banks and leasing companies active across the EU and will include a minimum 10% window for farmers under 41. The scheme will enable young farmers to benefit from competitive financing terms such as longer tenors of up to 15 years and up to five-year grace periods in order to address their specific needs. This intiative will be complemented by two pilot loans: a EUR 75 million loan solely for young farmers and a EUR 200 million loan for agriculture and climate action.

    How can we help young farmers?