Contract Farming Card

For young farmers, natural persons, aged 18 to 75 years old.

The financing of farmers to provide a credit limit to cover part of their production costs for agriculture production.

Depends on the value of the agricultural production which the producers/suppliers will deliver to the buyer with whom they have signed a contract and the cost of their agricultural production (expenses for agricultural supplies, fuel, animal feed, etc.)

Equal to the duration of the growing / breeding season.

Euro

Variable based on the BRF (Base Rate for Farmers) index minus interest rate margin.

The interest rates are charged with the interest margin and the contribution of L.128 / 75 levy, which currently amounts to 0.60% or 0.12% depending on the farmer's main professional activity.
BRF: Base Rate for Farmers (BRF) index, currently at 7.10%, which follows the market trends and is announced in the press.

Piraeus Bank approves a credit limit for the producers/suppliers based on their production capacity. The credit limit, depending on the case, covers a significant part of the cost in the following cases:

• Labour
• Agricultural supplies: via POS at the farm supply shops that work with Piraeus Bank
• Fuel: via POS at petrol stations that work with the bank
• Animal feed: bring the invoices that have been issued to a Piraeus Bank branch, provided the issuer of the invoice holds an account with Piraeus Bank
• Purchase of herd replacers
• Purchase & maintenance of spare parts
• Withdraw cash at any Piraeus Bank ATM or branch

Piraeus Bank determines the credit limit for the Contract Farming Card.

It depends on:

• The value of the agricultural production which the producers/suppliers will deliver to the buyer with whom they have a contract
• The cost of the producers/suppliers’ agricultural production inputs (expenditures for agricultural supplies, fuel, animal feed, etc.)

To finance a producer through the Contract Farming Programme the following conditions should be met:

• The producers/suppliers should have signed a contract with specific buyers for their agricultural production (Agricultural Cooperatives, producer organisations, processing companies, etc.)
  
• Buyers should should have been approved a Special Purpose Working Capital by Piraeus Bank as part of the program

For the Contract Farming card, you need:

• Contract of Agreement with the Processing/Trade Company
  
• ID card
  
• Clearance certificate issued by the Agricultural Insurance Organization (EFKA) or any other Insurance Organization (no insurance clearance certificate is required for EFKA pensioners and new farmers)
  
• Active Farmer Certificate