Unicaja Banco, with the organization of different workshops held in the main agricultural areas of Spain in collaboration with associations and organizations of the sector, offers farmers and livestock breeders information and advice on the new regulatory framework of the European Union's Common Agricultural Policy (CAP) aids.
Thus, through different conferences held in different towns of Andalusia, Castilla y León, Castilla-La Mancha and Extremadura, the financial institution brings to the attendees the main features of the new CAP, which will apply from 2023 to 2027, in order to provide information about the new requirements and demands to be met in the development of farms so as to increase their competitiveness and productivity.
Among the most relevant changes introduced by the new CAP, it is worth mentioning that from now on Spain will allocate 61% of the direct payments budget to direct income support, through the new Basic Income Support for Sustainability and the new Redistributive Payment, which will be complementary to the previous subsidy.
In addition, enhanced conditionality must be taken into account, which is a mandatory minimum level of environmental and climate commitment and has a series of Legal Management Requirements and Good Agricultural and Environmental Conditions. Finally, Eco-schemes are incorporated, which will remunerate farms that carry out agricultural or livestock practices that are beneficial to the climate and the environment through voluntary annual commitments.
Unicaja Banco’s commitment to the agricultural sector
Unicaja Banco’s commitment to the agricultural sector is reflected in the provision of financial, protection and advisory services, the development of specific agreements and participation in companies in the sector, especially in the areas where the bank operates, such as Andalusia, Principado de Asturias, Cantabria, Castilla y León, Castilla-La Mancha and Extremadura. For that purpose, the entity collaborates with the regional ministries of Agriculture of the governments of those autonomous communities.
Unicaja Banco’s experience in the agricultural sector in general, and in its areas of operation in particular, is evidenced in the continuous adaptation of its services to the needs of farmers and livestock breeders, as well as in the transfer of knowledge, as in the case of the informative seminars held.
In fact, the entity makes available to these professionals a wide range of specialized financial products and services under preferential conditions, which is possible under the agreements it maintains with the main cooperatives and agricultural organizations.