Farmer’s loan – the most important information

Do you own a farm? Do you want to take out a loan? Read what you need to do to get financial support today! Currently, almost every professional group has the option of taking a dedicated loan. Banks and other financial institutions are doing everything to adapt their offer to the needs of the widest possible audience. Therefore, students, entrepreneurs, seniors as well as – as few know – farmers can already undertake.

Many agricultural activities fixated with a set of bed in the crop. It turns out, however, that this is a gross oversimplification, and the profession requires its representatives not only skills and knowledge, but also money.

It is possible!

In previous articles have described the proposals for a student loan in bed, kt yellow decisions were not boast high capacity to bind (for more, read about student loan – on what basis can it get?); businessmen in bed, kt yellow decisions were not always reliable borrowers, as well as in and retired pensioner bed in the bed (see the text entitled Credit for seniors – all you need to know).

Today, however, we will focus on a different type of financial support. The problem of lack of liquidity affecting an ever more farmer in bed. Not everyone has the ability to cover the ongoing costs related to bed in their business.

What does the farmer spend?

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Most of you are now asking this question. The farmer, contrary to the accepted stereotype, does not work only in the field, and certainly does not do it with his own hands. Needs specialized machines, the specific feed, fertilizer or bed in a measure of protection to the plant.

Add to this the necessary expenses, such as gasoline and tax and insurance charges. Without this, running the economy is almost impossible. Unfortunately, each with a bed in their product costs and buying professional equipment that meets all EU requirements, you should expect prices reaching into the hundreds of thousands of dollars. Where to get the money for it?

A request for support

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Not every farmer has the possibility to achievement ECIA after subsidies from the European Union. Ó al lnotowe means, of course, have helped many representatives of the profession, but for all of the money is not there. Most often, help from relatives or friends is not involved. As already mentioned, agricultural activity brings with it huge expenses, and profits of the farmer depends on the collection of turtle.

In turn, the latter can only count in the season. In the remaining months of the farmer is sentenced to issue got wki bed, kt with Ra earned on crops. If the sets are weaker, falling into his pocket less a measure of in. Sometimes the year is bad enough that a farmer is not able to prepare for the next season. The portfolio does not have enough funds to start up operations , retrofitting or overhauling machines, fuel, and sometimes even to the administrative and tax costs of a business.

A helping hand of the bank

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Farmer yellow above need not but leave the banking institutions. It is large enough professional group that entities providing credit in the bed prepared for her special offers E convenient and mutually satisfactory conditions. Number of bed in the entity, proposing to help farmers from year to year gradually increasing. There are two types of commitments for the farmer in the bed. One of them is the agricultural credit, kt yellow rice ZNA can spend on investment in equipment, machinery, fertilizers, etc. The second type is a plain yellow wkowy got credit for purposes related to the business. SOME re bed banks identify their products as loans to farmers in bed, but they are hidden under exactly the same mechanisms as in the case of the aforementioned loan in bed.

In fact, this kind of commitment is not roses SIU than a traditional consumer loan or investment for companies. The first step you should perform a farmer, is to go to the square of yellow wki selected banking institution or use the form on its website. After submitting the loan application, the bank will start the procedure verifying the applicant’s identity and his credit history. Thus, the entity providing support wants to protect itself against the potential insolvency or unreliability of the potential borrower.

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