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Crédit Agricole records an increase in investments – Economy

In recent months, despite a drop in savings and sight deposits and an increase in investments, Stéphane Bouganim, the agricultural market leader at Crédit Agricole de Bretagne, said he was confident. An optimism of rigor, in spite of difficulties encountered by the dairy and pork sectors. The first, faced with a drop in margins due to an increase in costs and the second, impacted by the postponement of Spanish exports to the European Union after the slowdown in Chinese demand, in a context of African swine fever.

Corn, as in poultry, where meat production has benefited from the boom in consumption at home, cooperatives continue to support changes in production techniques to respond, in particular, to societal demand for animal welfare.

Consequently, “investments experienced strong momentum in the first half of the year,” announces the banker. Loans have increased by 7% for animal sectors and by 12% for all sectors combined. “We have rarely experienced such dynamic activity,” explains Stéphane Bouganim.

CSR in agriculture

Farmers are recovering morale, acclaimed after the health crisis, according to a BVA study commissioned by Crédit Agricole. 71% of French people told the polling institute that they have a very good opinion of agriculture, a result up 12 points compared to the last survey in 2015.

In this context, Crédit Agricole announced, this Tuesday on the occasion of Space, to launch support for farms in their transition, for a performance more only economic but including environmental, social and societal aspects according to a benchmark imagined by the bank. A voluntary approach by the farmer accompanied by a diagnosis. “We don’t interfere; it is the choice of the entrepreneur ”, specifies the leader of the agricultural market at Crédit Agricole de Bretagne.