An annual bonus of 7,515 euros for young agricultural entrepreneurs

Supporting Young Agricultural Entrepreneurs: Opportunities and Benefits

Young agricultural entrepreneurs can receive bonuses up to 7,515 euros per year, thanks to the Common Agricultural Policy (CAP) 2023-2027.
This policy aims to promote generational renewal and income support within the agricultural sector.
Specifically designed to assist young farmers, these bonuses are additional to existing aids.

Types of Support Available

The CAP focuses on enhancing the income of those involved in agriculture through various support measures.
Direct payments are among the most crucial types of aid provided, particularly valued by beneficiaries.
These payments vary from basic subsidies to specific grants for livestock and various crops.
Additionally, young farmers may benefit from specific measures amounting to 7,515 euros annually.

Eligibility Criteria and Application Process

To qualify as a young farmer under European regulations, individuals must hold a degree in agricultural, forestry, veterinary studies, or relevant high school diplomas.
Alternatively, they must possess a lower secondary school diploma coupled with at least three years of agricultural work experience, including enrollment in the agricultural social security system for a minimum of 104 days per year.
Participation in the rural development initiative “cooperation for generational renewal” also deems one as a young farmer.

Under the CAP 2023-2027, young agricultural entrepreneurs can receive an annual contribution of 83.50 euros per hectare of cultivated land, up to a maximum of 90 hectares per year.
This amounts to a total sum of 7,515 euros annually for a duration of five years.

How to Apply for the 7,515 Euro Bonus

Individuals seeking to access these grants aimed at young farmers must submit their applications to the relevant payment agencies.
Depending on regional provisions, applications can be lodged directly with regional offices, territorial Agea offices, or Agricultural Assistance Centers (CAA).
It is important to note that multiple aid applications can be submitted simultaneously, allowing for the accumulation of different types of grants.

Additional Support for New Farmers

In addition to the aforementioned aids, young farmers can benefit from incentives related to initial farm establishment, particularly when involving the National Bank of Agricultural Lands.
Depending on the type of cultivation, additional benefits such as agricultural bonuses for land use, livestock bonuses, access to New Sabatini resources for purchasing or leasing equipment, as well as tax advantages for agricultural investments including fiscal deductions for interest payments, are available.