Mr Marco Marrone, Deputy Director Mandate Management of the European Investment Fund (EIF) and Mr Ferran Minguella, Head of Unit - Adriatic Sea Department, Lending Operations of European Investment Bank (EIB), underlined how the EIB Group supports the European Commission policies through financial products (lending and blending), other than the traditional grant funding.
Mr Michael Pielke, Head of Unit of DG Agriculture and Rural Development, European Commission presented different examples of approaches supporting young farmers with EAFRD financial instruments. Mr Simon Barnes and Mr Frank Lee from the European Investment Bank (EIB) focused on the results of recent DG AGRI – fi-compass studies. In particular, they presented the survey on financial needs and access to finance of EU agri-enterprises that involved 7,600 farmers across 24 EU Member States.
In the second part of the day, the event concentrated on practical examples of EAFRD financial instruments, with a specific focus on young farmers and examples from Estonia and Portugal, and on presentations from the financial sector, with examples from banks offering flexible products to the agricultural sector, as a tool to address price volatility in agriculture.