Banks are reluctant to trust farms in lending to investment projects, said Dzintra Lejniece, head of the Latvian Pig Breeders’ Association.
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According to her, various sub-sectors of agriculture have problems attracting bank financing because they are reluctant to trust farms in lending to investment projects. Each farm individually in negotiations with banks tries to address the relevant issue.
At the same time Lejniece acknowledged that JSC “Development Financial Institutions high“It’s relatively more accommodating to farmers, which eases the situation a little bit.” Thank you for being an “Altum” who understands and meets as much as possible, “she said.
Commenting on the impact of Covid-19 on the implementation of investment projects in pig farming, she said that farms in the sector continue to implement investment projects, as the most important of them is involved in the implementation. European Union co – financing from the Funds. Therefore, they cannot be stopped altogether, otherwise there will be sanctions.
At the same time, she added that farms are happy to take the opportunity to extend the deadlines for project implementation if, for some objective reasons, it is not possible to implement them in time.
The goal of the Latvian Pig Breeders’ Association is to create a favorable economic and political environment for the development of the pig breeding industry in Latvia, taking into account the aspects of international integration. Its tasks are to represent the interests of pig farmers in state institutions and organizations, as well as non-governmental organizations and abroad, and to build and develop slaughterhouses and processing capacity, achieving the maximum possible impact on its management.
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