New aidEndedPublic aidNational

2003 drought: disaster loans to affected farmers at 2.5% or 1.5%

The order of 9 September 2003 sets, by way of derogation, the terms of special "disaster" loans granted to farmers affected by the 2003 drought: a 2.5% rate over a maximum of four years for damage to harvests and non-perennial crops, and over seven years for damage to soils, plantations, livestock and buildings. The rate falls to 1.5% (and the term rises to seven years for harvests) for young farmers and holders of a material improvement plan.

Measure originators

InitiatorGVT
Hervé Gaymard
Gouvernement
Impact on public finances

No official estimate found for this measure.

Effective date
18 September 2003

Measure impact

State-subsidised loans to rebuild the cash flow and capital of farms hit by the summer 2003 drought.

Official references

Law number: ArrĂȘtĂ© du 9 septembre 2003 (prĂȘts sĂ©cheresse 2003)
Official Journal: JORF n° 215 du 17 septembre 2003

Procedure timeline

Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.

100%
2 / 2 steps
Completed
18 September 2003

Entry into force

Application

Immédiate ou à la date prévue

EntrĂ©e en vigueur retenue au lendemain de la publication (aucune date fixĂ©e par l'arrĂȘtĂ©).
Completed
17 September 2003

Publication in Official Journal

Publication
Publication de l'arrĂȘtĂ© du 9 septembre 2003 au Journal officiel n° 215.