Farmers consider banks most harmful “pests” in the Romanian agriculture

Farmers and officials in the Ministry of Agriculture consider banks to be one of the main obstacles in the advancement of Romanian agriculture. Land fragmentation is another big problem in today’s land cultivation as is the lack of adequate subventions. These are the conclusions that participants of a national agriculture conference drew.

According to statements from the former Romanian minister, Dacian Ciolos, Romanian agriculture could recover with money from banks, but currently they refuse to finance start-ups in this domain.

Romanian farmers also complained about the high interest rates, the warranties that banks claim in order to release a loan, and also demanded state grants equal to those in Poland, Hungary and France.