Effect of the financial crisis on a farm two difficulties in looking at debt moratorium

250xHalf of the farms that have contracted loans with the banks will find benefit from the signing of the 'common opinion "between the Ministry of Economy, Abi and trade associations that are part of the permanent Observatory banks / companies, established at the Association Italian bank for a moratorium on loans to businesses. E 'notes as Coldiretti, following the understanding reached in recent days at the headquarters of Coldiretti and now perfected in Milan in the presence of the Minister' s Economy Giulio Tremonti, in reporting that p er agriculture agreement covers approximately 37 , 5 billion in awards of which 24 are medium and long term and the remaining short-term. Of the first -

Coldiretti points out - about half are in need of an intervention to replace the refinancing of debt positions in the medium, long or very long term, while 60 percent of short-term loans should be repositioned in the medium to long term through the debt consolidation or through actions aimed at balancing financial. Suspension of payment of installments the principal amount of medium and long term for a maximum period of 12 months, suspended for 12 months of payments of royalties on leased property and 6 month lease securities, elongation for 9 months of short maturities term with reference to certain loans and advances receivable - Notes Coldiretti - are the essential features of that seen among the first beneficiaries of small and medium businesses and organizations that will ensure business continuity difficulties as a result of financial and economic crisis or those position with regular payments of depreciation on bank loans as of September 30, 2008 and finally to those which have expired in installments or installments due and unpaid (or paid in part) by no more than 6 months. The measure - concluded Coldiretti - thus plays an important supportive role waiting for the improved economic situation would create new development opportunities for agricultural businesses.

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