Allowance from the state

In Norway the young farmers can get support from the government, they can get help to invest in new buildings and rebuilding in the traditional landmark.

-Investment support for the new generation:

The government gives investment support for agriculture properties needing minor investments related to next generation taking over in order to keep the traditional farming or a sideline going.

-Investment support with the next generation taking over:

Max: 500.000 kr. Which is approximately € 61.000,-

The investment support percentage is set to 40 for all the appliers. Max investment support is 200.000 kr. Which is approximately € 25.000,-

Sparebanken, a Norwegian bank, has special offers for young farmers up to 34 years who are taking over a farm.

·        Saving: Building spare capital through fond saving. From 1000 kr in the month.

·        You can get an insurance that is made for you.

·        Supervising, in the economy every year.

·        You can get an interest discount on 0,5% on a maximum loan of kr 2500.000 for 2 years

Page updated 23.4.2007