A positive balance is recorded one week after its launch of the new credit called “BancoEstado Siembra por Chile Credit”, which was presented by the Ministry of Agriculture and BancoEstado, with the aim of supporting farmers producing cereals affected by the crisis water supply and the increase in the value of fertilizers due to the war in Ukraine.
To date, more than 200 farmers from various regions of the country are in the process of evaluating this credit, and of these, 48 have already contracted it. “We want to reinforce the call to all farmers in our country to come to BancoEstado branches and ask about this loan, which aims to restore food security and encourage the farming family to sow with peace of mind this fall. ”, said the Minister of Agriculture, Esteban Valenzuela.
The total amount of credits granted now reaches $750 million and it is expected to reach many more farmers in the coming days. It should be remembered that this loan has state guarantees through FOGAPE, which will allow speed and speed in delivery, and with a mega-preferential rate of 0.99%. This financing of working capital, under these conditions, is not only for cereal growers, but for all farmers such as vegetable and fruit growers who have been affected by the water crisis and the increase in the value of fertilizers.
As explained at the time, this credit allows access to financing of up to 5,000 UF, which covers practically 100% of the cost of inputs and fertilization required for the sowing of producers of up to 200-220 hectares depending on the crop.
To access more information regarding this credit, visit the following link: https://www.bancoestado.cl/imagenes/_campanas/pequenasempresas/agricola/index.asp
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Credit for irrigation
Another relevant issue in agriculture is the need to support farmers in terms of irrigation. For this, BancoEstado has made special financing available to farmers for irrigation works that ultimately make water use more efficient.
This credit is coordinated in conjunction with the National Irrigation Commission (CNR) so that all farmers who have projects approved by this Minagri service do not have to wait 12 months to receive this subsidy.
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