Recognizing the dynamic and growth potential of the agricultural sector, NBG has prepared a special “Contract Farming” financing program that modernizes the entire production and trade cycle of buyers and suppliers of agricultural and livestock products.
The said program aims at financing farmers and livestock breeders to help cover part of the production cost of their products. The only condition is that the said producers must have concluded sale contracts (directly or through agricultural cooperatives) with trading and manufacturing businesses in Greece.
Payment of the funding is carried out under particularly favorable terms through the special AGROKARTA DEBIT MASTERCARD, the use of which is allowed exclusively with the extensive network of NBG-partnered companies that provide agricultural supplies and fuel. In addition, producers may use the funds in order to pay the farm workers through the issue of a labor stamp (ergosimo), as well as other expenses such as farm electricity bills, bills for water supply to cultivated areas etc. Payment of the funding is carried out automatically by the trading/manufacturing business, by returning the value of the purchased products to the producer’s deposit account.
By joining the Contract Farming program, producers cover the production cost of their produce, thereby better securing the necessary liquidity. Accordingly, the farmer benefits by being able to reduce the cost of purchase of the goods needed for their production and to increase their output and profitability, thus enhancing the viability of their businesses.
For further information, see Details.