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The Investment Plan
The material improvement plan

The Investment Plan (IP) is a multi-annual plan of investments, approval of which opens up access to loans at reduced rates of interest: Special Modernisation Loans (SML).

The length of the plan is set at 5 years. During this period SML may be requested and investments set out in the plan must be made.


Beneficiaries

The following people may sign an investment plan:

A farmer or a company whose aim is the direct enhancement of a farm and where over 50% of the share capital is held by farmer partners, where the farmer, or one of the partners:

Is aged at least 18 and has not claimed his pension rights,

Is of French nationality or is a European Union national (or from other countries that have signed an agreement with France).

Can prove sufficient professional knowledge and skill.

The applicant must also:

In a plains zone draw at least 50% of his total professional income from agricultural activities / at least 30% in underprivileged zones

Prove an overall annual professional income of less than 3.5 SMIC (minimum wage)

Have a economically viable farm

Comply with regulations concerning classified installations

Meet minimum standards required in the fields of hygiene, animal well-being and the environment and not have been the object of any criminal sentence made final over the three years prior to the application due to failure to comply with standards in these areas.

The farmer or the company and its farmer partners must also be up to date in terms of their tax and social obligations, except where authorisation to stagger payments has been granted.

Owners leasing out property for agricultural use, when the tenant meets the conditions for obtaining the subsidy as well as foundations, non-profit making associations and agricultural teaching and research establishments.


Targeted objectives

Reduction in production costs

Improvement and reorientation of production

Improvement in quality

Preservation and improvement of the natural environment, hygiene conditions and standards in terms of animal well-being

Encouragement to diversify activities on the farm


Loans

What can be financed?

SML can be used to finance investments in movable and immovable property, in accordance with the aforementioned objectives and set forth in the IP, with the exception of the acquisition of land, the take over of all or part of a farm and the acquisition of shares in residential buildings.

Restrictions

Investments can be financed:

In sectors for which there are outlets,

Within the limit of authorised ceiling amounts and rates for public grants per investment project (including all aid: State, regional authorities)

Subject to complying with exclusion rules for other aid mechanisms (joint market organisations, Docup d’objectif 2 and Pmpoa2).

Where to apply?

To advisors at the ADASEA, the Chamber of Agriculture or management centres in the county of interest to you.

This file is then examined, for opinion, by the County Commission for Agricultural Orientation, which comprises specifically representatives from the authorities and from professional organisations.

After this opinion has been given, the Prefect decides whether the file is acceptable and then this decision is notified to you.

Other loans at reduced interest rates

In addition to special loans for installation and special modernisation loans, other special loans meet farmers’ other requirements:

Special stock-rearing loans

Special CUMA loans

Special GAEC loans

Loans for special vegetable productions


  
 

Finance

Self-financing 

General allocation conditions

The installation grant

Fiscal and social assistance

Assistance from the PIDIL

Grants from General or Regional Councils

Loans to young farmers 

Other special loans

Financial assistance after installation

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