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Romanian Cattle Breeders Only Half Satisfied With Loan Access Procedure – Union Leader

Romanian cattle breeders said that although they are only half satisfied with the state’s handling of their loan purchase problems, they will put off protesting and leave the government with one less issue to worry about.
Romanian Cattle Breeders Only Half Satisfied With Loan Access Procedure – Union Leader
05 nov. 2009, 12:54, English

Cattle farmers met Thursday at the president’s office with bank officials and representatives of the Agency for Payments and Intervention in Agriculture (APIA) and the Rural Loan Guarantee Fund, to decide on the manner in which loans may be acquired.

Union leader Costel Caras told MEDIAFAX Thursday that all the details on loan access have been straightened out.

Cattle breeders said they would put off planned protests, adding they will soon meet with other animal breeders to decide on measures to be taken if they do not get the money in due time.

Romanian President Traian Basescu on Wednesday said local lenders CEC, BRD and BCR signed financing agreements with the country’s paying agency in agriculture APIA and the Farm Loan Guarantee Fund to ensure funding for animal breeders.

Romanian lenders Raiffeisen Bank and Bancpost are also in talks over financing terms for animal breeders.

Basescu said the country’s agriculture paying agency and the government already paid 200 lei (EUR1=RON4.3005) as subsidy per cattle and RON15 per sheep, adding farmers must further receive RON371 per cattle and RON29 per sheep.

He stressed the agreements with CEC, BRD and BCR target the payment of RON334/cattle and RON26/sheep.

„CEC is ready to start payments as of Monday and the other lenders will soon make public their decision,” said Basescu, stressing the aspects regarding payment methods and the papers farmers must submit to the banks will be cleared out Thursday.