The ARIB offers up to €100,000 in support for starting a business in the agricultural sector to support young people in transitioning to their main activity.

The ARIB opened a program for investment support for young farmers, which allows start-ups up to 40 years old to apply for up to €100,000 in support – up to €75,000 for preparing a business plan and up to €25,000 for investments. The program's budget is around seven million euros and support can be applied for once during the strategic plan period. The application round will take place in e-PRIA and the ARIB guarantees a fast procedure: the first part will be paid out within 30 working days of the approval of the business plan and the second part within three months of the implementation of the activities.

According to the Minister of Regional Development and Agriculture, Hendrik Johannes Terras, intergenerational cooperation must be promoted in agriculture. “We need to support starting agricultural activities and creating new business models more than before, as young entrepreneurs are the leaders of innovation and modernization in agriculture,” the minister noted.

Recipients of the support must be sole proprietors up to 40 years old or companies whose management and ownership are all young farmers. In addition, at least one year of work experience or agricultural education, a business plan, financial forecasts and a risk analysis are required. The support can be used to purchase machinery, buildings or agricultural equipment, as well as to acquire a share in the company - provided that the activity has not yet started.

According to Ambrella, a number of young farmers applied last time - for example, over a hundred applications were submitted from Lääne County and Lääne-Virumaa. This shows that the support is appreciated and there are many who want it.

Benefits of the support and how to get started

This support provides support for implementing a business plan and investment. A strong business plan is the foundation of success: it must include financial forecasts, market analysis, an environmental sustainability strategy and a schedule of activities. The recipient of the grant will be paid a portion of the money after the business plan is approved and the final amount after the activities are completed, which helps maintain cash flow.

The application is assisted by automatic checks in e-PRIA and the PRIA helpline and county service offices. This ensures clarity and smoother feedback.

The grant is an expected helping hand for young farmers who want to become entrepreneurs. With the support of clear requirements and a strong business plan, young people can implement their vision and contribute to the renewal of rural areas. If you have work experience, education and a plan, then do not miss the application round – it can be the first big step on your entrepreneurial path.