Incentives for new-young farmers

  1. Young adult novice farmers
  2. Urchase of argicultural land
  3. Investments
  4. Obtaining your home
  5. Quota
  6. Agricultural Construction (reducing costs)
  7. Reduction of eduction of lawyer and notary fees
  8. Compensation
  9. Assets (Property) and fishing vessels that are mortgaged at the agricultural bank of Greece (ATE)
  10. Tax exemptions
  11. Agricultural green card (training)
  12. Information

A.   YOUNG ADULT NOVICE FARMERS

    and

The Agricultural Ministry in cooperation with the European Union will assist you with your initial steps offering you:

  1. Gratuity for your first investment that could reach up to:
  1. Low interest loan (interest subsidy up to 80%) in order to face expenses such as home repairs, basic machinery, and equipment in general which is necessary to begin your operation.

The low-interest loan will be issued to you, after your application has been submitted, from your bank.

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B.   PURCHASE OF AGRICULTURAL LAND

Are you a young adult farmer that has not exceeded the age of 40 and wishes to purchase agricultural land?

The Law 2520/97 assists you with your choice offering you:

a tax omission for relocating.

a the ability of making your purchase with a loan from your bank, in which the interest rate will be approximately 8%.

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C.   INVESTMENTS

1. Are you a young adult farmer that has not exceeded the age of 40 and wish to carry out investments to:

Law # 2520/97 states that in combination with the rule 950/97 provide you the following abilities:

a. Providing that your main employment involves agriculture, (more than half your income derives from cultivation and or live-stock), then under these prerequisites you are eligible for investments up to 88 million Drachmas (approximately 266,700 Euros) as follows:

b. Considering your main employment is not in agriculture but in other similar industries (fishery or agricultural tourism).

2. Are you an employee, merchant, small industries employee, land laborer, forester, or fishery laborer and:

And desire to carry out investments in agricultural tourism, small agricultural industry and traditional handcrafts. The Law # 2520/97 provides you with the ability to carry out your desires with a loan, in which 50% will be subsidized.

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D.   OBTAINING YOUR HOME

Are you a young or new to the trade farmer and don’t have a home that fulfills your family’s needs?

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E.   QUOTA

Are you a young adult / beginner farmer and have not exceeded the age of 40? Do you wish to employ yourself in stock-raising, cultivation of tobacco, or the tomato industry but do not possess the quota needed?

The law 2520/97 provides you with preferential access to quota reserves for

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F.   AGRICULTURAL CONSTRUCTION (reducing costs)

  • Are you a farmer?
  • Are you young adult or new to the trade of agriculture?
  • Are you a farming laborer, forester, or fishing laborer?
  • Are you from a former eastern block country and are of Greek decent?
  • Are you an employee or professional?
  • Do you reside permanently in an agricultural district and plan on building:
    • Your first home?
    • A warehouse, shed, stable etc.?

The law 2520/97 not including the investment support (capital support– interest subsidy) offers you the ability to further reduce the cost of construction considering that:

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G.    REDUCTION OF LAWYER AND NOTARY FEES

  1. Are you a farmer over the age of 55 and wish to enter into the early-age retirement measure?
  2. The Law 2520/97 reduces the cost of this measure by subsidizing lawyer and notary fees, as well as notary transcript document fees.

  3. Are you a group of young adult/ beginner farmers consisting of two or more people that wish to propose a new company for group cultivation?
    The Law 2520/97 eases your efforts by subsidizing 90% of lawyer, notary and transcript fees for the proposal of your company.

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H.   COMPENSATION

Are you a young adult/beginner farmer and permanently reside in a mountainous or disadvantaged region, or are roaming stockbreeders?

The Ministry of Agriculture in cooperation with the European Union offers annual compensation that may reach up to 2 million Drachmas (approximately 6,100 Euro) considering you are a Green Card holder.

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I.   ASSETS (PROPERTY) AND FISHING VESSELS THAT ARE MORTGAGED AT THE AGRICULTURAL BANK OF GREECE (ATE)

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J.   TAX EXEMPTIONS

Are you a young adult/ beginner farmer?

The Law 2520/97 (not including previous mentioned incentives) provides you with the following tax exemptions:

  1. Discount on your net agricultural income
  2. An increase on your tax exemption amount for up to 10 years, in relation to other farmers.
  3. Tax exempt amount tripled from inheritance share in relation to other farmers.
  4. Exemption from inheritance tax and transfer of all joint inheritance considering inheritance is transferred to you for at least 10 years for agricultural use.
  5. Exemptions on transfer taxes of up to 75% of its market value on every 1000 sq. meters that is transferred to you either by death or family transfer of ownership.
  6. Exemptions on transfer taxes of up to 75% of its market value on every 1000 sq. meters in the case you purchase land or equipment for agricultural use.
  7. Provided you obtain land with the above mentioned manner, you are not only exempt from any transfer taxes

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K.    AGRICULTURAL GREEN CARD (training)

Are you a young adult/ beginner farmer or even older in age farmer and wish to, not including mandatory training, acquire more knowledge on agricultural issues that may trouble you?

The Ministry of Agriculture provides you with the ability to study in:

During your studies you may be excused from current program commitments that you may be involved in, whereas after you obtain your agricultural green card, you will have access priority to all agricultural programs, tax exemptions and a greater reimbursements.

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L.   INFORMATION

For more information please contact the following:

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