Loans above seven years remain difficult to obtain. This category accounts for 58% of the gap. The agriculture survey shows that 37% of all rejected farm loans in the EU was due to the unwillingness of the banks to expand their support to agriculture. In another 20% of the cases, the banks have considered the project proposal, or the farm, as non-viable.
When looking at investment types, the agriculture survey concludes that €18.9 billion’s worth of investments linked to the green transition of the sector had not been met in 2022. These investments would have been used for example to set up organic production, increase the use of digital solutions or advanced machinery to optimise the use of fertilisers, improve the protection against drought and flood or reduce energy and fuel consumption in farms.