1.Setting-up aid to facilitate the establishment of young farmers shall be granted under the following conditions:
the farmer is under 40 years of age,
the farmer possesses adequate occupational skill and competence,
the farmer is setting up on an agricultural holding for the first time,
as regards the holding:
economic viability can be demonstrated, and
minimum standards regarding the environment, hygiene and animal welfare are complied with,
and
the farmer is established as head of the holding.
Specific conditions may be applied in a situation where a young farmer is not established as sole head of the holding. These conditions must be equivalent to those required for a young farmer setting up as sole head of a holding.
[F12. The setting-up aid may comprise:
(a) a single premium up to the maximum eligible amount specified in the [F2Annex I] , and
(b) an interest subsidy on loans taken on with a view to covering the costs arising from setting-up; the capitalised value of the interest subsidy may not exceed the value of the premium.
A support higher than the maximum amount referred to in point a) but not exceeding EUR 30 000 may be granted to young farmers who are using farm advisory services linked to the setting-up of their activity during a period of three years after setting-up.]
Textual Amendments
F1 Substituted by Council Regulation (EC) No 1783/2003 of 29 September 2003 amending Regulation (EC) No 1257/1999 on support for rural development from the European Agricultural Guidance and Guarantee Fund (EAGGF).
F2 Substituted by Act concerning the conditions of accession of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic and the adjustments to the Treaties on which the European Union is founded.