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Lauksaimniecības tehnika

State support for the agricultural sector in 2024

8.72 million euros are planned for state aid in agriculture in 2024.

Animal breeders’ organizations, accredited milk laboratories, farmers’ organizations and other institutions receive support. Application deadlines are different for each type of support, current information about the deadlines will be published on the website of the Rural Support Service.

Estimated distribution of funding:

  • for the development of animal husbandry – 6.079 million euros;
  • for crop cultivation development – 489 thousand euros;
  • for international and mutual cooperation – 731 thousand euros;
  • for market promotion – 696 thousand euros;
  • for the promotion of food quality schemes – 127 thousand euros.

More information about state support can be found on the website of the Rural Support Service in the “State support” section.

Source of information: Rural Support Service

ActusQ Newsletter January 2024

ActusQ January newsletter about current topicalities in Latvian agricultural sector has been published! At the end of the newsletter you will find selected agricultural real estate offers.

Support measures in the forestry sector

From January 2 to February 2, 2024, the Rural Support Service (RSS) invites to submit project applications for two support measures in the forestry sector.

The purpose of these activities is to plant, restore and replace the forest stands, as well as to provide the maintenance of planted areas and the thinning of young forest stands.

LA7 – “INVESTMENTS FOR SUSTAINABLE FORESTRY”

The amount of public funding – EUR 13.5 million.
The funds are intended to be directed to the following activities:

  • for thinning young stands and replacing forest stands –
    EUR 8 million;
  • for afforestation activity – EUR 2 million;
  • for the restoration of forest stands destroyed by forest fires
    and natural disasters – EUR 3.5 million.

LA8 – “SUPPORT FOR THE IMPROVEMENT AND MAINTENANCE OF THE RESILIENCE AND ECOLOGICAL VALUE OF FOREST ECOSYSTEMS”

The amount of public funding – EUR 3.5 million.

Aid rates and intensity:

  • Afforestation – 1123 EUR/ha, intensity 60%;
  • Restoration after disasters – 1085 EUR/ha, intensity 100%;
  • Forest stand replacement – 1161 EUR/ha, intensity 60%;
  • Thinning – 440 EUR/ha, intensity 60%;
  • Agrotechnical maintenance – 204 EUR/ha, intensity 60% or 100%.

The deadline for the implementation of the submitted projects, if thinning of young forest stands and/or forest planting or stand replacement (without further maintenance) is carried out, is April 1, 2025.

On the other hand, in cases of additional agrotechnical maintenance the deadline is April 1, 2027.

Terms and conditions of the support measure and detailed information are available on the RSS website. Project applications must be submitted using the Electronic Application System of the RSS.

Support is available in accordance with the conditions of the European Agricultural Fund for Rural Development and the Strategic Plan of the Common Agricultural Policy for 2023-2027.

Information source: Rural Support Service

Financing for loans for the development of agricultural production has been increased

Taking into account the growing demand of farmers for loans for the development of production, the financing for the implementation of the loan program has been increased from 27.8 million euros to 30.4 million euros. This is foreseen by the amendments developed by the Ministry of Agriculture supported by the government on Tuesday, December 19, Cabinet of Ministers 24.07.2018. in regulations no. 446 “Regulations on the loan program for agricultural, rural and fishery economic operators”.

Along with the changes in the regulations, the maximum loan amounts have also been increased: for investment loans from 100,000 to 250,000 euros, for loans for the purchase of current assets from 35,000 to 50,000 euros. The maximum amount for loans for the purchase of developed and undeveloped land has also been increased from 35,000 to 50,000 euros, and the turnover threshold for economic operators has been increased from 150,000 to 250,000 euros.

Amendments to these regulations will promote the involvement of citizens in economic activity and increase the availability of financial resources for those performing economic activity in the agriculture, rural development and fisheries sectors. The loan program for agricultural, rural and fishery economic operators is implemented by state-owned capital company “Altum”.

Regulations “Amendments to the regulations of the Cabinet of Ministers of July 24, 2018 No. 446 “Rules on the loan program for agricultural, rural and fisheries economic operators” will enter into force the day after their publication in the official publication “Latvijas Vēstnesis”

Information source: Ministry of Agriculture


Change of ActusQ AgriEstate office opening hours over Christmas holidays

We inform you, that employees of Ltd “ActusQ” are going on Christmas holidays from December 23 to January 1. We will resume working in usual working mode on January 2, 2024.

Wishing you a Christmas filled with happiness, warmth of cozy moments and serenity of winter peace. May the New Year 2024 sparkle with joy, inspiration and new achievements!