Sixth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020

Webinar

16 November 2020
About the event

The fi-compass ‘Sixth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020’ organised by the European Commission, Directorate-General for Agriculture and Rural Development (DG AGRI), in partnership with the European Investment Bank (EIB), took place online on 16 November 2020. Over 250 participants from managing authorities, financial intermediaries, EU institutions and stakeholders from the agricultural and agri-food sectors joined this online event.

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Mr Janusz Wojciechowski,

The conference was opened by Janusz Wojciechoswki, Commissioner for Agriculture and Rural Development, highlighting the importance of the Common Agriculture Policy in the green transition in agriculture. “The future CAP […] needs to be ambitious, offering the right tools to encourage sustainable farming practices. However, this will not be sufficient if farmers do not have the means to invest in green technologies for instance. This is why we made financial instruments more attractive under the future CAP, with possibilities to use them under all relevant strategic objectives."

Christian Kettel Thomsen, EIB Vice-President, added that agriculture and bio-economy are an EIB priority and are relevant for addressing numerous policy themes such as climate and environmental protection, support for small and medium-sized business, as well as social and economic integration across the Union. He said “these challenges will not be overcome with public funding alone and this is why we believe that financial instruments have an essential role to play in mobilising more resources and expertise from the private sector too, arguably making more efficient and effective use of scarce public resources."

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Mr Christian Kettel Thomsen

Mihail Dumitru, Deputy Director-General, DG AGRI, European Commission, underlined the importance for EAFRD managing authorities to plan and use financial instruments in their CAP Strategic Plans for the 2021-2027 period. Managing authorities are encouraged to consider the potential for financial instruments in different sectors of rural development policy, taking advantage of the novelties introduced by the new CAP regulation including, inter alia, the flexibility of rules with regards to eligibility, the simplified ex-ante assessment process and the new combination possibilities of grants and financial instruments. Additional EU level instruments are also available to address existing financing gaps in the agriculture and agri-food sectors in Member States namely InvestEU, the Just Transition Mechanism and the Recovery and Resilience Facility, which could be used as a complement to EAFRD financial instruments. He also highlighted the importance of the European Green Deal and the Digital transition in the agriculture and agri-food sectors.

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The recently published fi-compass study on the ‘Financial needs in the agriculture and agri-food sectors in the European Union’ aims at providing an understanding of investment drivers, financing supply and financing difficulties, as well as the estimated financing gaps for both sectors, at EU level. Bruno Robino, Head of fi-compass, EIB, and Miglena Dobreva, Financial Instruments Advisor, EIB, set the scene on the agriculture and agri-food financing gaps. While for the first sector the estimated gap is ranging between EUR 19.8 to EUR 46.6 billion in the EU 24, with young farmers accounting for almost 30% of the total financing gap, it has been estimated that the gap for the agri-food sector is around EUR 12.5 billion. 78% of the gap affects small-sized agri-food enterprises and 57% is associated to long-term loans.

The conference continued with practical examples of EAFRD financial instruments implemented in a number of Member States and regions. Representatives from Poland Occitanie Region (France) and Italy (financial intermediary) presented advances made and success stories connected with their EAFRD financial instruments.

Monika Grążka, Director, Ministry of Agriculture, Poland, described how financial instruments co-financed from EU funds were introduced to the Polish Rural Development Programme 2014-2020, with 889 operations supported as of 30 September 2020.

Nathalie Dauder, Directorate of Agriculture, Agri-food and Forestry, Occitanie region, France, explained how the fund FOSTER (Fonds Occitanie de Soutien Territorial aux Entreprises Régionales) was designed to address the financing gap in the agriculture sector and ensure sufficient leverage of the EAFRD funds to bridge the gap. A recent survey commissioned by the Region confirmed the positive impact of the instrument for final recipients and partner financial intermediaries, with young and micro firms being among the main beneficiaries.

 

Matteo Sgambato, Head of Subsidised Finance, CREDEM, Italy, presented the AGRI Italy Guarantee Platform. Its objective is to provide better access to finance for final recipients in the agricultural and agro-industrial sectors in 8 Italian Regions through capital relief and loss protection provided by the European Investment Fund (EIF) to financial intermediaries.

We would like to kindly invite you to hear the end of year message from Ms Silvia Michelini, Director, Directorate-General for Agriculture and Rural Development of the European Commission.

Presentations

pdf presentation      pdf audio      pdf video      pdf case study      pdf file not yet available

The audio in the video files is in original language of the speakers. The English interpretation is available as audio files.


Title Speakers
video

Opening statement from DG AGRI

Mr Janusz Wojciechowski, European Commissioner for Agriculture and Rural Development

video Opening statement from EIB

Mr Christian Kettel Thomsen, Vice-President, European Investment Bank

video

Investments to enhance the sustainability and resilience of the agriculture and forestry sector

Mr Pekka Pesonen, Secretary General of COPA-COGECA

pdf
video
CAP Strategic Plans, the Recovery and the Green Deal

Mr Mihail Dumitru, Deputy Director-General, Directorate-General for Agriculture and Rural Development, European Commission

video

Panel discussion and Q&A with the audience

Mr Pekka Pesonen, Secretary General of COPA-COGECA

Mr Mihail Dumitru, Deputy Director-General, Directorate-General for Agriculture and Rural Development, European Commission

pdf
video

Financial needs of EU agriculture sector

Mr Bruno Robino, Head of fi-compass, European Investment Bank

pdf
video

Financial needs of EU agri-food sector

Ms Miglena Dobreva, Financial Instruments Advisor, European Investment Bank

video

Panel discussion and Q&A with the audience

Mr Bruno Robino, Head of fi-compass, European Investment Bank

Ms Miglena Dobreva, Financial Instruments Advisor, European Investment Bank

Mr Nivelin Noev, Policy Officer, DG AGRI, European Commission

Mr Mario Guido, Financial Instruments Advisor, European Investment Bank

Mr Guillaume Pierre, Research expert, Ecorys

pdf
video

The EAFRD Guarantee Fund in Poland, 2014-2020

Ms Monika Grążka, Director, Ministry of Agriculture, Poland

pdf
video

The EAFRD Guarantee Fund in Occitanie region, France

Ms Nathalie Dauder, Directorate of Agriculture, Agri-food and Forestry, Occitanie region, France

pdf
video

AGRI Italy EAFRD Guarantee Platform

Mr Matteo Sgambato, Head of Subsidised Finance, CREDEM, Italy

video

Panel discussion and Q&A with the audience

Ms Monika Grążka, Director, Ministry of Agriculture, Poland

Ms Nathalie Dauder, Directorate of Agriculture, Agri-food and Forestry, Occitanie region, France

Mr Matteo Sgambato, Head of Subsidised Finance, CREDEM, Italy

Event pictures
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Sixth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020
Sixth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020
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Mr Janusz Wojciechowski
Mr Janusz Wojciechowski
Mr Janusz Wojciechowski, European Commissioner for Agriculture and Rural Development
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Mr Mihail Dumitru
Mr Mihail Dumitru
Mr Mihail Dumitru, Deputy Director-General, DG AGRI, European Commission
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Sixth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020
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