Agreement between Saeca and the Government of The Rioja to support the financials of agricultural exploitations and graziers

The Anonymous Society of Caución Agricultural (Saeca) and the Council of Agriculture, Livestock and Environingingment of the Government of The Rioja have subscribed an agreement of collaboration to facilitate to the headlines of agricultural exploitations and graziers of this Community the access to destined credits to the financials of investments for creation, conservation or improvement of said exploitations, and for capital circulante in the case of the exploitations graziers. The president of Saeca, José Ramón Bujanda and the adviser of Agriculture, Livestock and Environingingment of the Government of The Rioja, Iñigo Nagore, have been the signatories of this agreement by which the company Saeca will facilitate, on request of the physical or juridical people that have the titularity of an agricultural exploitation or grazier situated in The Rioja, previous study of the feasibility of the operation, the guarantees and bails for the loans awarded with the end to fund investments or needs of circulante.

With this aim, is foreseen that this agreement of collaboration allow to subscribe in 2014 operations by a total of until 3,2 million euros. The financials will benefit to the lines of help headed to plans of improvement, first installation of young agriculturalists, renewal of agricultural machinery and also the investments of vineyard and, in general, investments in the primary sector. The Government of The Rioja will contribute to the financials of the guarantees that Saeca can award to the headlines of the exploitations, allocating to this improvement of the financials of the sector until 40.000 euros during the next year. Like this it would compensate the opening commission and study until a maximum of 50 basic points, and the commission of management of the first year, until 75 basic points.

The maximum quantities on which will apply the bonuses to Saeca in the costs of the guarantees reach, in the case of investments, until the 180.000 euros, if the headline of the exploitation is a physical person, and until the 240.000 euros, if it is legal person. Regarding the guarantees for loans of circulante, limited to the graziers, the maximum costs bonificables apply , in the case of headlines of exploitations that are physical people, until 45.000 euros, and in the one of legal persons, until 60.000 euros. Besides, the maximum quantity of the credit on which applies the bonus to Saeca will be also limited by the real size of the exploitation grazier according to a scale established in the Agreement.