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Bucharest
March 6, 2021
BUSINESS

Fiscal and loan facilities for farmers’ cooperatives

Agriculture Minister Daniel Constantin (photo) emphasized that in the next six years Romanian agriculture has to move on to the next level of organization and development, so as to export processed agricultural products, to have Romanian products in hypermarkets and in order for farmers to have bigger leverage. Daniel Constantin gave as an example a farmer that has 30 cows and sells milk at a price of RON 0.7 per litre, while the member of a farmers’ cooperative sells milk at RON 1.08 per litre.

He pointed out that the National Rural Development Programme (PNDR) 2014-2020 stipulates a 20 per cent higher financial stimulus for those who create producers’ groups or cooperatives, plus other potential fiscal advantages.

“I have talked with Finance Minister Teodorovici: we want to come up as quickly as possible, in the following weeks, before autumn, with a package of fiscal facilities for those who want to set up cooperatives, because that is better for the Finance Ministry too. You help out farmers obtain a better price and even if your tax is lower you will collect more than you would if the price was low and the tax was high. We want to come up with a stimulating package for those who set up cooperatives, for example exempting them from the payment of income taxes, a lower tax for those who work in this sector and many other facilities to which we want to add starting this autumn a crediting package for those who work in producers’ groups or cooperatives,” Daniel Constantin stated.

In what concerns PNDR 2014-2020, the minister emphasized that lessons were learned from the experience of the previous programme, the new programme showcasing important changes such as the possibility of filing financing requests online, simplified procedures for both public and private tenders, and the promotion of Romanian genetic material and certified seeds.

 

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