Project Description

On-farm Investment by Young Farmers

Rural Development Program

The aim of this support is to encourage the renewal and rejuvenation of agricultural businesses and increase the sector’s attractiveness to young investors, promoting investment, support for land acquisition, knowledge transfer and market participation. The maximum amount of funding is 500,000 euros per application.

Download the Infosheet

Support Status

Closed

Financing

Up to 500.000€

Territory

Mainland Portugal
(Territories Vulnerable to Fire Danger)

Eligible Entities

Young Farmers up to 40 years old

On-farm Investment by Young Farmers

Rural Development Program

The aim of this support is to encourage the renewal and rejuvenation of agricultural businesses and increase the sector’s attractiveness to young investors, promoting investment, support for land acquisition, knowledge transfer and market participation. The maximum amount of funding is 500,000 euros per application.

Download the Infosheet

Support Status

Closed

Financing

Up to 500.000€

Territory

Mainland Portugal
(Territories Vulnerable to Fire Danger)

Eligible Entities

Young Farmers up to 40 years old

Incentive Conditions

  • Fostering the renewal and rejuvenation of agricultural enterprises;
  • Increase the attractiveness of the agricultural sector to young investors by promoting investment, support for land acquisition, knowledge transfer and market participation.
  • Strengthen farm viability by promoting innovation, training, organisational capacity building and business downsizing;
  • Preserve and improve the environment, ensuring that investments are compatible with environmental and occupational health and safety standards;

  • Mainland Portugal

  • Forfeited Fund
    • Base rate: 40%.
    • Increases:
      • Disadvantaged areas – 10%
      • Vulnerable Territories (fire risk) – 10%
      • Less developed regions – 5%
      • When the project is linked to crop insurance – 5%
    • Maximum rate – 50%
      • Extension maximum amount:
        • Next generation support – 10%
      • Maximum support – 500 000 euros per application

  • The beneficiaries of this support are:
    • Young people taking over ownership and management of a farm for the first time, aged between 18 and 40;
    • Legal persons in the form of limited companies with an agricultural activity as their corporate object, whose managing partners holding the majority of the capital are young farmers, and each of them holds more than 25% of the share capital.

  • To present an investment equal or higher than EUR 25 000 per Young Farmer and lower than EUR 3 000 000 per beneficiary. For the purpose of calculating the value of the investments the following amounts are taken into account:
  • Immovable property:
    • Land preparation;
    • Buildings and other constructions directly related to the activities to be developed;
    • Adaptation of existing facilities related to the implementation of the investment;
    • Multi-annual plantations;
    • Installation of permanent pasture, namely soil regularisation and preparation, deforestation and land consolidation operations;
    • Irrigation systems – installation or modernization, namely water collection, conduction and distribution, as long as they promote the efficient use of water and monitoring systems;
    • Consolidation Expenses – during the implementation period of the operation.
  • Movable assets – purchase or leasing – purchase of new machinery and equipment, namely:
    • New machinery and equipment, including computer equipment;
    • Internal transport equipment, cargo handling equipment and boxes and pallets with a life span of over one year;
    • Equipment aimed at the valorisation of by-products and residue from the activity;
    • Fences required for livestock farming or to ensure the safety of people and animals.
  • General expenses namely in the field of energy efficiency and renewable energy, application software, industrial property, diagnostics, audits, marketing and branding plans and feasibility studies, follow-up, architectural and engineering projects associated with investments, up to 5% of the total approved eligible cost of the remaining expenses.

  • Programme aimed at supporting “young farmers” with the objective of renewing and improving the management of agricultural holdings, with the promotion of access to land, namely to qualified young people, with business technical training being determinant for the sustainable increase of the agricultural sector’s capacity to generate value. 

Incentive Conditions

Fostering the renewal and rejuvenation of agricultural enterprises;
Increase the attractiveness of the agricultural sector to young investors by promoting investment, support for land acquisition, knowledge transfer and market participation.
Strengthen farm viability by promoting innovation, training, organisational capacity building and business downsizing;
Preserve and improve the environment, ensuring that investments are compatible with environmental and occupational health and safety standards;

Mainland Portugal

Forfeited Fund
Base rate: 40%.
Increases:
Disadvantaged areas – 10%
Vulnerable Territories (fire risk) – 10%
Less developed regions – 5%
When the project is linked to crop insurance – 5%
Maximum rate – 50%
Extension maximum amount:
Next generation support – 10%
Maximum support – 500 000 euros per application

The beneficiaries of this support are:
Young people taking over ownership and management of a farm for the first time, aged between 18 and 40;
Legal persons in the form of limited companies with an agricultural activity as their corporate object, whose managing partners holding the majority of the capital are young farmers, and each of them holds more than 25% of the share capital.

To present an investment equal or higher than EUR 25 000 per Young Farmer and lower than EUR 3 000 000 per beneficiary. For the purpose of calculating the value of the investments the following amounts are taken into account:
Immovable property:
Land preparation;
Buildings and other constructions directly related to the activities to be developed;
Adaptation of existing facilities related to the implementation of the investment;
Multi-annual plantations;
Installation of permanent pasture, namely soil regularisation and preparation, deforestation and land consolidation operations;
Irrigation systems – installation or modernization, namely water collection, conduction and distribution, as long as they promote the efficient use of water and monitoring systems;
Consolidation Expenses – during the implementation period of the operation.
Movable assets – purchase or leasing – purchase of new machinery and equipment, namely:
New machinery and equipment, including computer equipment;
Internal transport equipment, cargo handling equipment and boxes and pallets with a life span of over one year;
Equipment aimed at the valorisation of by-products and residue from the activity;
Fences required for livestock farming or to ensure the safety of people and animals.
General expenses namely in the field of energy efficiency and renewable energy, application software, industrial property, diagnostics, audits, marketing and branding plans and feasibility studies, follow-up, architectural and engineering projects associated with investments, up to 5% of the total approved eligible cost of the remaining expenses.

Programme aimed at supporting “young farmers” with the objective of renewing and improving the management of agricultural holdings, with the promotion of access to land, namely to qualified young people, with business technical training being determinant for the sustainable increase of the agricultural sector’s capacity to generate value.

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