{"id":63652,"date":"2025-11-20T09:06:36","date_gmt":"2025-11-20T07:06:36","guid":{"rendered":"https:\/\/www.altum.lv\/services\/enterprises\/loans-with-capital-discount\/conditions-for-primary-agricultural-production-pro-jects\/"},"modified":"2026-01-22T09:45:16","modified_gmt":"2026-01-22T07:45:16","slug":"conditions-for-primary-agricultural-production-pro-jects","status":"publish","type":"page","link":"https:\/\/www.altum.lv\/en\/services\/enterprises\/loans-with-capital-discount\/conditions-for-primary-agricultural-production-pro-jects\/","title":{"rendered":"Conditions for primary agricultural production pro-jects"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"63652\" class=\"elementor elementor-63652 elementor-61194\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-74ed67f elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"74ed67f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-19e2ca3\" data-id=\"19e2ca3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fc98d3 elementor-widget elementor-widget-altum-tab-header2\" data-id=\"5fc98d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-tab-header2.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n            <section class=\"topBanner topBanner-topicFamily topBanner-pb-0\"  style=\"background-image: url(https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/05\/iedzivotajiem.png)\">\n                <div class=\"container\">\n\t\t\t\t<div class=\"topBanner__breadcrumbs\"><a href=\"https:\/\/www.altum.lv\" class=\"topBannerBreadcrumb__link\">Altum<\/a><span class=\"topBannerBreadcrumb__indent\">-<\/span><\/div>\n                    <h1 class=\"topBanner__title topBanner__title-md\">\n                        Conditions for primary agricultural production projects\n                    <\/h1>\n                    <p class=\"topBanner__text\">\n                    \n                    <\/p>\n                    <div class=\"mobileScroll\">\n                        <div class=\"famWithChildTop__btnWrap famWithChildTop__topBanner\">\n                            \n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/section>\n\t\t\n            <section>\n                <div class=\"container\">\n                    <div class=\"famWithChild__bottom\">\n                        <div class=\"container altum__headerTab-content\">\n\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/section>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-4767317 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4767317\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f467fff\" data-id=\"f467fff\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e46251 elementor-widget elementor-widget-altum-faq-steps-back\" data-id=\"6e46251\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-faq-steps-back.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n            <section class=\"altum__faq-back\">\n\n                <a tabindex=\"0\" href=\"https:\/\/www.altum.lv\/en\/services\/enterprises\/large-investment-loan-with-capital-rebate\/\"><span class=\"altum__back-arrow\"><\/span>Back<\/a>\n\n            <\/section>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section headerTab elementor-element elementor-element-6b2a628 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b2a628\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-90806bc\" data-id=\"90806bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-396ced3 elementor-widget elementor-widget-text-editor\" data-id=\"396ced3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0LIIA selects the primary agricultural production projects for investments and decides on approval and further processing of applications. Only those investment projects that have received approval from LIIA can qualify for a loan with the capital rebate.<\/p>\n<p><span data-contrast=\"none\">\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335557856&quot;:16777215,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p>The capital rebate is the full or partial reduction of the principal amount of ALTUM\u2019s loan. The maximum amount of the capital rebate for the project is determined immediately at granting of the loan, whereas\u00a0 the actual amount of the capital rebate\u00a0\u00a0 depends on the project\u2019s performance during the post-monitoring stage.<\/p>\n<p><span data-contrast=\"none\">\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">Which primary agricultural production projects qualify for ALTUM\u2019s loan with a capital rebate:\u00a0<\/span><\/p>\n<ul>\n<li>Projects relating to primary agricultural production aiming to develop and adapt agriculture and establish and modernize agricultural infrastructure<\/li>\n<li>The initial investment necessary for implementation of the project exceeds 30% of the previous five-year average annual turn over of the company<\/li>\n<li>The company corresponds to the status of medium-sized and large enterprise<\/li>\n<li>The project complies with NACE Section A \u2018Agriculture, Forestry and Fishing\u2019, except forestry or fishing\/aquaculture<\/li>\n<li>Implementation of the project has not been commenced prior to submission of the application to Altum and inspection carried out by Altum at the project&#8217;s implementation site<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f978a9e elementor-widget elementor-widget-altum-tab-block-icon-with-text\" data-id=\"f978a9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-tab-block-icon-with-text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"famWithChildBottomContent__wrap\">\n\t\t\t\t<h2 class=\"famWithChildBottom__h2\" style=\"margin-bottom: 45px;\">\n\t\t\t\t\tTerms of loan:\n\t\t\t\t<\/h2>\n\t\t\t<div class=\"famWithChildBottomContent__row\">\n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/nauda.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            maximum loan per investment project - up to 30% of the eligible costs of the investment project*\n                        <\/p>\n                    <\/div>\n                \n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/termins.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Maturity - up to 20 years\n                        <\/p>\n                    <\/div>\n                <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c2d44a elementor-widget elementor-widget-text-editor\" data-id=\"3c2d44a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Additional requirements for large enterprises<\/strong><\/p>\n<p>The application must be submitted together with a hypothetical scenario for implementation of the investment project, where the undertaking proves that:<\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">the investment project could not be implemented in absence of such aid or could be implemented in a limited or different manner <\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335557856&quot;:16777215,&quot;335559685&quot;:1275,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\">no operating costs that the undertaking would incur anyway are subsidized and no regular risk of the economic activity is offset<\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335557856&quot;:16777215,&quot;335559685&quot;:1275,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">the amount of aid does not exceed the minimum necessary for the project to be sufficiently profitable<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>In preparing the hypothetical scenario, the merchant uses the guidelines for large merchants applying for support for primary agricultural production to prepare the justification for the hypothetical scenario of the investment project.\u00a0 Using the guidelines, large enterprises shall determine the amount of the loan according to one of the options:\u00a0<\/p>\n<p>\u00a0<\/p>\n<ul>\n<li>the aid may not increase the IRR1 of the project beyond the normal rates of return applied by the respective company to other similar investment projects<\/li>\n<li>the aid may not increase the IRR of the project beyond the total cost of capital of the company<\/li>\n<li>the aid may not increase the IRR of the project beyond the return ratios normally observed in the sector concerned<\/li>\n<li>An undertaking needs a Category A or B permit for polluting activity or registration of Category C polluting activity, if the project provides for installation of construction and stationary equipment on livestock farms<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>The undertakings may submit the applications, but it should be noted that aid for primary agricultural production undertakings will actually be available after the European Commission has agreed on implementation of the aid.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40030e7 elementor-widget elementor-widget-altum-tab-block-icon-with-text\" data-id=\"40030e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-tab-block-icon-with-text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"famWithChildBottomContent__wrap\">\n\t\t\t\t<h2 class=\"famWithChildBottom__h2\" style=\"margin-bottom: 45px;\">\n\t\t\t\t\tAid is not granted for:\n\t\t\t\t<\/h2>\n\t\t\t<div class=\"famWithChildBottomContent__row\">\n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/nauda.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Working capital\n                        <\/p>\n                    <\/div>\n                \n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/nauda-ar-pieaugumu.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Payment of VAT\n                        <\/p>\n                    <\/div>\n                <\/div><div class=\"famWithChildBottomContent__row\">\n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/paraksts.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Preparatory work for the project\n                        <\/p>\n                    <\/div>\n                \n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/remonts.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Projects aimed at achieving compliance with stand-ards that must be ensured prior to submission of an investment project application\n                        <\/p>\n                    <\/div>\n                <\/div><div class=\"famWithChildBottomContent__row\">\n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/krava-2.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Purchase of vehicles\n                        <\/p>\n                    <\/div>\n                \n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/varpa.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Purchase and planting of plants\n                        <\/p>\n                    <\/div>\n                <\/div><div class=\"famWithChildBottomContent__row\">\n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/latvija.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Purchase of land \n                        <\/p>\n                    <\/div>\n                \n                    <div class=\"famWithChildBottomContentRow__elem\">\n                        <div class=\"famWithChildBottomContentRow__elem-imgWrap\">\n                            <img decoding=\"async\" src=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/06\/traktors.png\" alt=\"icon\">\n                        <\/div>\n                        <p class=\"famWithChildBottomContentRow__elem-text\">\n                            Purchase of animals\n                        <\/p>\n                    <\/div>\n                <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8aade9d elementor-widget elementor-widget-altum-employees\" data-id=\"8aade9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-employees.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t\t<section class=\"consultants consultants-bt\" style=\"margin-top: 0px; margin-bottom: 60px\">\n\t\t\t\t\t\n\t\t\t\t\t\t<div class=\"consultants__wrap\" \">\n\t\t\t\t\t\t\t<h2 class=\"consultants__h2\" tabindex=\"0\">Contact<\/h2>\n\t\t\t\t\t\t\t<div class=\"consultants__content\">\n\t\t\t\t\t\t\t\t\n\t\t\t\t<div class=\"consultantsContent__elem\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"consultantsContent__info\">\n\t\t\t\t\t\t<h4 class=\"consultantsContent__h4\" tabindex=\"0\" title=\"Irina No\u017ekina\">\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tIrina No\u017ekina\n\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t<p class=\"consultantsContent__p\" tabindex=\"0\" title=\" \"><\/p>\n\t\t\t\t\t\t<div class=\"consultantsContent__contact\">\n\t\t\t\t\t\t\t<div class=\"consultatns__phones\"><a href=\"tel:25655819\" title=\"Irina No\u017ekina kontaktt\u0101lrunis\" class=\"consultantsContent__contact-link\">25655819<\/a><\/div>\n\t\t\t\t\t\t\t<a href=\"mailto:irina.nozkina@altum.lv\" title=\"Irina No\u017ekina e-pasta adrese\" class=\"consultantsContent__contact-link\">irina.nozkina@altum.lv<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div> \n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-892086c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"892086c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-396fc60\" data-id=\"396fc60\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Altum&#8211; Conditions for primary agricultural production projects Back \u00a0LIIA selects the primary agricultural production projects for investments and decides on approval and further processing of applications. Only those investment projects [&hellip;]<\/p>\n","protected":false},"author":74,"featured_media":0,"parent":36649,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-63652","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conditions for primary agricultural production pro-jects - Altum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altum.lv\/en\/services\/enterprises\/loans-with-capital-discount\/conditions-for-primary-agricultural-production-pro-jects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conditions for primary agricultural production pro-jects - Altum\" \/>\n<meta property=\"og:description\" content=\"Altum&#8211; Conditions for primary agricultural production projects Back \u00a0LIIA selects the primary agricultural production projects for investments and decides on approval and further processing of applications. 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