New Contract Farming Agreement on Potato Culture between Piraeus Bank and the Agricultural Cooperative Union of Drama
Piraeus Bank, in collaboration with the Agricultural Cooperative Union of Drama (ACU), has initiated a new Contract Farming programme for potato growers in the Prefecture of Drama.
The funding proposal for potato contract farming is essentially intended to help rationalise production organisation and financially support the entire production process, from the producer to product processing and selling by the said Cooperative Union.
The ACU of Drama has a modern packing plant in the area of Nevrokopi where it packages and trades Nevrokopi potatoes, certified with protected geographical indication mark, hence supporting the income of local producers.
Through the specific Piraeus Bank Contract Farming programme, the producer is provided with the required liquidity at highly competitive terms, exactly when he needs such liquidity, while payment of the production agreed to be delivered to the Cooperative is guaranteed.
The Program covers the entire crops production, supply and manufacturing chain by supporting, in an organised manner, the mutually beneficial collaboration between producers and the Cooperative.
This new collaboration attests to the firm will of Piraeus Bank to support and encourage any sound productive effort in this economy sector.