Act on government guarantee for farming debt- rescheduling (No. 268 of 1993). Country/Territory Denmark Document type Legislation Date 1993 Source FAO, FAOLEX Subject Agricultural & rural development Keyword Agricultural development Subsidy/incentive Financial agricultural measures Farming Geographical area Europe, Europe and Central Asia, European Union Countries, North Sea, North-East Atlantic, Northern Europe Entry into force notes The Minister of Agriculture will determine date of entry into force of this Act. Abstract This Act provides regulations on loan guarantees for debt rescheduling through the Danish Agriculture Mortgage Fund. Farmers shall be granted such loans on the basis of a 15-year nominal interest rate cash or on a 15-year inflation-indexed rate. The Minister of Agriculture approves Danish Agricultural Mortgage Fund fee rates of loans qualifying for warranty under this Act. Applicants for this loan are required to operate in agriculture as main occupation, to have a total total debt amounting to at least 70% of the total asset, and that can prove any re-prioritization of inflation-indexed and any creditor scheme applied is economically viable. Full text Danish Website www.retsinformation.dk References - Legislation Amended by Act amending various laws (No. 431 of 2005). Legislation | Denmark | 2005 Keyword: Governance, Legal proceedings/administrative proceedings, Registration, Data collection/reporting Source: FAO, FAOLEX