Ibercaja Formalizes Its First Discounted Loan Operation for Young Farmers Through the Centralized Management Financial Instrument
Ibercaja has formalized its first discounted loan operation through the Centralized Management Financial Instrument (IFGC), benefiting a young farmer who is a client of the bank as they establish their activity in Aragón. This operation is part of the Strategic Plan of the Common Agricultural Policy 2023-2027 and represents a milestone in the bank’s support for the agri-food sector.
Financing Features
The discounted loan provides the beneficiary with a reduction of 2 percentage points in interest rates during the first five years of its duration. This measure allows the young farmer to access investment for establishing their farm at a significantly more advantageous cost.
The specific client of this first operation cultivates almonds, cereals, and grapes, continuing the operation of the family lands to start their professional project.
Program Framework and Scope
The IFGC is promoted by the Ministry of Agriculture, Fisheries, and Food, the Autonomous Agricultural Warranty Society (SAECA), the adhered Autonomous Communities, and collaborating financial entities. Its objective is to facilitate access to financing for investments and current expenses for young people starting agricultural activities.
Antonio Lacoma, the territorial director of Ibercaja in Aragón, highlighted the bank’s historical specialization in the agri-food sector and the proximity of its branches to rural clients, assisting them in the processes of study, application, and management of financial solutions. He emphasized the bank’s commitment to generational change, positioning itself alongside the young farmers of Aragón as key players in the future of the sector.
In Aragón, the intervention lines include working capital loans ranging from 15,000 to 60,000 euros for young farmers, and modernization investments between 60,000 and 600,000 euros for individuals and legal entities, with an 80% investment guarantee.
Ibercaja positions itself as a reference entity in the agri-food sector, with more than 55,000 clients and 58% of its offices located in rural areas. In 2024, the entity made advances of Common Agricultural Policy funds exceeding 9 million euros and supported 3,200 investment projects with over 300 million euros.
The entity also managed 11,327 insurance policies for agricultural and livestock sectors, paying out 17.8 million euros in indemnities during 2024.
