Loan to support a sustainable food supply chain and organic farmers in Europe #InvestEU

The EIB and CrowdFarming sign loan to support a sustainable food supply chain and organic farmers in Europe

The €15 million venture debt loan will mainly fund the research and development activities of CrowdFarming, a Spain-based company with a strong presence in France, Germany, Austria, and Italy that facilitates direct sales of food between EU farmers and consumers. The project contributes to the EU’s Farm to Fork Strategy, which seeks to achieve a fair, healthy and environmentally friendly food system. This agreement is supported by the InvestEU programme, which aims to trigger more than €372 billion in additional investment over the period 2021-2027.

The European Investment Bank (EIB) has signed a venture debt loan of €15 million, backed by the InvestEU programme, with CrowdFarming, an online platform for European farmers to sell directly to end-consumers. The EIB financing will help to boost the research, development and innovation (RDI) activities of the company by enhancing their digital marketplace and developing tools that promote sustainable agricultural practices across Europe, and a more sustainable and fair food supply chain.

CrowdFarming’s marketplace currently has more than 300 farmers from 13 European countries selling to end-consumers without intermediaries. In this innovative farmer-to-consumer system, farmers set their own prices and customers get fresh, organic, in-season food delivered straight from the farms to their doors. CrowdFarming provides farmers with the website, the logistics, customer service, training and marketing support. They are selected by agronomists (acting as farmer-hunters) who ensure that they apply the highest sustainability, quality and production standards: to join the marketplace, farms must practice organic agriculture or be transitioning towards such practices. CrowdFarming has also become a main selling channel for pioneering farmers who implement regenerative practices that are good for the environment and biodiversity.

BEI/23/322, 13.9.2023
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