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The hail affected hundreds of farmers in the Campo de Cartagena and caused severe damage to 1,000 hectares of crop

The Minister of Agriculture and Water, Antonio Cerdá, chaired today the signing of an agreement between farmers' organizations, COAG and UPA Asaja, and financial institutions, Cajamurcia, CAM and Cajamar, with which farmers affected by the storm Cartagena hail of April 7 provide credit line Official Credit Institute, ICO liquidity, preferential interest and advantageous conditions.

The Ministry, at the request of farmers' organizations, has promoted the signing of this agreement will represent "a breath of fresh air" for hundreds of farmers affected by the hail that fell in April in the Campo de Cartagena.

The storm caused extensive damage in an area of 1,000 hectares of crops, especially lettuce, potatoes, and melon, with a loss of six million euros, as assessed by the Directorate General for Modernization of Agricultural Operations and Training.

Cerda said that these loans with preferential interest, worth six million euros, will contribute to "resume productive activity in the damaged area."

In addition, the counselor explained, "is not often this type of weather phenomena in those specific dates," it stressed that "the coverage of agricultural insurance to farmers was reduced."

Loan terms

Farmers may have affected 4,500 euros per hectare with a minimum loan of 5,000 euros, for a period of three years including six months of default.

The arrangement fee is 0.4 percent and the interest rate that is fixed, it will be a weighted average of the ICO and type type boxes.

Ie taking into account that today the rate is starting ICO 3.04 percent, the resulting weighted average would be 5.4 percent.

The Minister of Agriculture and Water also said that "to facilitate the management and operation" in the application and granting of credits, the Ministry, through the District Agricultural Office Cartagena-West farmers provide accreditation of the parcels are within affected by hail.

According to Cerda, "the goal of agriculture in Murcia is to continue creating jobs and wealth," so he added, "from the government should support, within our means, in this highly competitive sector, whose performance is essential for the productive and regional economy. "

Finally, the Minister thanked the "constant support" of financial institutions to the regional agricultural sector, because, he said, "work on all the alternatives that pose a solution to their demands."

Source: CARM