The European Commission and the European Investment Bank Group are preparing a joint financial instrument to combine rural development funding with the European Fund for Strategic Investments, the core of the Juncker Commission's Investment Plan for Europe.
Using the EFSI guarantee in combination with European Structural and Investment Funds (ESIF) will increase the firepower of the support. Details of the initiative will now be discussed and will be announced in due time, including with pilot projects in several Member States over the next two years.
Vice-President Katainen said: "EFSI financing is available to support and already supports agricultural SMEs and economically and technically viable projects in the agri-food sectors. This new Financial Instruments vehicle is a welcome step towards using more financial instruments on the agri-food sector - we are on the right track for more jobs and growth." Commissioner Hogan said: "By developing financial instruments of the right type and right quantity in the agri-food sector, we can dramatically enhance the capacity of our farmers and agri-businesses to innovate, grow, export and create jobs. The new EAFRD – EFSI Initiative is a great new opportunity that offers excellent possibilities for attracting private capital. I am ready to throw my full support behind all Member States willing to open the financial world to their farmers and rural businesses."
The announcement took place at the 7th Fi-Compass conference, broadcasted live on EbS.
The presentations made at the event are available on the conference website.
Announcements
Job Offers
"Tweeting Growers"
Top 5 -yesterday
- UK: Grower reduces greenhouse temperature by more than 6°C during heatwave with no cooling, fog systems
- Understanding the profitability of your greenhouse
- Agave: The new drought-tolerant California crop?
- Patromex and DIDIHU partnership invests in modern plant for value-added coconut substrates
- US: Larry Ellison is feeding Hawaii from his high-tech hydroponic farm on Lanai
Top 5 -last month
- Vertical farming technologies tool in researching and fighting diseases
- German retailer Kaufland and horti-family Reichenspurner open new greenhouse
- "Water is the new gold"
- Growing strawberries from seeds becoming increasingly popular
- Higher productivity and earliness are the story behind these pink greenhouses
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-08-12 Understanding the profitability of your greenhouse
- 2022-08-11 "European retailers want alternatives to possible decline of lit Dutch tomato acreage this winter"
- 2022-08-11 Movement of Mexican asparagus through Arizona, California and Texas expected to remain about the same
- 2022-08-11 Total ad numbers this week saw 2% increase from last week
- 2022-08-11 "Vegetable supplies are severely disrupted this season as growers face a crisis under a mountain of challenges"
- 2022-08-11 UK farmers count cost as heatwave kills fruit and vegetable crops
- 2022-08-11 "Kawaguchi tomato variety good option for consumer, but also good for the grower"
- 2022-08-11 The benefits of agtech in urban buildings
- 2022-08-11 Nigeria: Lagosians see pepper prices go up by 100% in two weeks
- 2022-08-11 Unprecedented challenges ahead for the Fresh Herbs Industry
- 2022-08-11 Orange and Dragon Agriculture: Avocados should be considered a healthy food rather than a daily fruit
- 2022-08-10 Southeastern European countries importing more and more fresh fruits and vegetables
- 2022-08-10 NZ: Microgreens business bounces back after Covid
- 2022-08-10 Snacking vegetable market continuing to grow despite global challenges
- 2022-08-09 Carbon footprint of importing food could be 7.5x higher than thought
- 2022-08-09 Canada again puts import requirements on US romaine lettuce
- 2022-08-09 South Korea: Oversupply of smart farming vegetables calls for more supply platforms
- 2022-08-09 Unusual heat doubled tomato prices in Tajikistan
- 2022-08-08 Hungary: What are the challenges and opportunities today for horti growers?
- 2022-08-08 US: Updates and annual facility certification for the offshore greenhouse certification program
