Young farmers in 28 European countries will now have the opportunity to grow their agricultural business ventures.
A dried corn field is pictured on August 6, 2018 in Mitschdorf, eastern France, as a heatwave sweeps across Europe.BRUSSELS - The European Union on Monday launched a plan to give up to €1-billion in cheaper loans to young farmers, who are often turned away by banks.
"With 11% of European farmers under the age of 40 years old, supporting young farmers in the sector is a priority for the European Commission." Those under 40 years old accounted for 11% of the EU's 10,3 million farmers in 2016, while the over 65s represented 32 %, according to Eurostat.They are better represented in Austria , in Poland and in Slovakia .
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