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Rentenbank sounds the alarm: Farmers are not investing enough

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Rentenbank sounds the alarm: Farmers are not investing enough

Overall, Rentenbank’s new business with low-interest program loans fell by 13.6 percent to EUR 5.9 billion in 2023 compared to the previous year. Demand for loans fell significantly in the agriculture and agri-food sectors. Loans to finance investments in renewable energies even fell by 46 percent to 849 million euros.

Only for rural development was there more demand for program loans than in the previous year, with an increase of 33.8 percent to 2.7 billion euros.

The inverse interest rate structure and the high EU reference interest rate are currently making business difficult for Rentenbank. Long-term loans are relatively unattractive because state aid law limits the possible interest rate reductions.

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