You're reading the April 2026 edition of LANDE's Platform Performance Report, which we publish monthly to highlight our progress in loan issuance and debt collection and provide insight into other platform or team developments.
The total amount of financing provided to farmers through the LANDE platform across our four markets in April 2026 was €2,151,288 across 60 projects (avg. project value €35,855).
The breakdown of financing by country is as follows:
The share of loans issued in April that were backed by either land/property or machinery in each market was the following: Romania 100%; Lithuania 100%; Latvia 100%, Poland 100%.
155 new investors registered on the LANDE Platform in April.
LANDE investors earned a total of €179,033 in interest in April, with the all-time total having now reached €4.77 million.
Bonus opportunities
New investors get 3% cashback on all investments they make on the Primary Market in the first 30 days on the platform using this link.
Additionally, all investors will get a 1% referral bonus for recommending our platform to a friend using the unique referral link on their dashboards (bonus applies to the investments made by the referred user in the first 30 days).
The Spring Cashback Booster campaign was also extended, which means you can earn additional bonuses on your qualifying investments until May 31:
Invest €500+ → get 0.5% cashback
Invest €1,000+ → get 1% cashback
Invest €5,000+ → get 2% cashback
Cashback applies only when the required minimum amount is invested in a single transaction on the Primary Market.
Average interest rate
In April, investor returns reached 13.96%, consisting of a 13.03% investor rate and an additional 0.93% bonus (mainly from cashback campaigns). The investor rate increased from just under 12% in previous months, mainly due to the significant growth in project volume, which required additional funding.
Loan repayment statistics
At the end of April there were 2,098 projects funded through the LANDE platform, of which 1,114 had been repaid in full while 922 were active, with their repayment status detailed below (+comparison with previous month):
Loans with collateral consisting of livestock and harvest hold the highest shares of 90+ day delays, which is why we have been moving away from these collateral categories and focusing more on securing projects backed by land and/or machinery.
Repaid principal totalled €979,078 in April, while the all-time total has reached €29.28 million.
More real-time portfolio data can be found on our statistics page.
Debt collection stages
Below is a breakdown of debt collection stages for delayed loans. Most of the 90+ loans are already in the enforcement phase with bailiffs engaged in recovering the value of the collateral.
Details about debt collection stages can be found here.
Market highlights
Latvia
Farmers in Latvia are currently fully engaged with seasonal fieldwork, making this one of the busiest periods of the year. At the same time, many farmers are actively implementing LAD-supported projects or seeking financing for working capital needs related to the agricultural season.
Portfolio quality continues to improve month by month. We are seeing the final stages for several long-term delayed clients with 90+ day delays. In multiple cases, successful refinancing solutions with other creditors have already been achieved. Additionally, several recovery processes have now reached the stage where agricultural machinery collateral is being auctioned. As a result, we expect several delayed projects to be successfully closed in June, with full recovery of funds.
The coming months are expected to remain very active, as farmers continue to require urgent financing support during the peak agricultural season. At the same time, we are in discussions with fertiliser producers to establish new cooperation models for financing raw material and input purchases.
Lithuania
Lithuania continues to perform very well, maintaining a consistently low level of delayed projects across the portfolio. At the same time, steady progress is being made in recovering funds from previously defaulted clients.
One notable development is the expected recovery of a previously defaulted client project (220921-157364) in May, reflecting the continued effectiveness of recovery and enforcement processes in the Lithuanian market.
Overall, April was a relatively stable and typical month operationally, without any particularly unusual developments. However, the market continues to demonstrate strong repayment discipline and healthy portfolio quality.
Romania
April delivered the strongest sales month to date, driven by intensified commercial activity and a significant increase in new client acquisition as a continued high market demand. The pipeline built in March progressed further, with increased volumes moving toward approvals and disbursements.
A key milestone was the signing of our first equipment financing project, in partnership with the largest New Holland and Kverneland distributor in Romania. This represents an important step forward, confirming that our financing model is gaining recognition among top-tier distributors in the local market.
On the collections side, recovery efforts generated strong results. We successfully recovered exposures under enforcement through auction procedures for two projects that had been in default for over a year, contributing to a meaningful improvement in portfolio quality. Recovery efforts remained consistent, ensuring repayment discipline and portfolio stability during a high-activity period. We continued our proactive discussions and maintained close contact with clients to better understand the evolution of their activity and identify potential challenges. Feedback to date indicates a positive outlook among grain producers with autumn crops, with rapeseed, barley, and wheat showing good development, and rapeseed currently standing out as the strongest crop.
Poland
The Polish agricultural market in April remained relatively cautious, especially among crop producers affected by lower grain and rapeseed prices and continued pressure on margins. Farmers remained focused on liquidity and operational stability, although the market still showed steady activity in working capital financing and selected investment projects. Seasonal financing demand remained visible, particularly for current operations, refinancing of existing liabilities and smaller on-farm investments.
Client behaviour in April was relatively stable and consistent with previous months. Most clients were seeking working capital financing, refinancing solutions, or funding for smaller-scale farm investments. Investment appetite remains selective, with farmers carefully assessing new commitments due to ongoing market uncertainty and cost pressure.
Portfolio quality remained stable during the month. Although we observed several delays in repayments, we remain in close contact with clients and the overall situation is under control. At this stage, we do not observe significant deterioration in repayment behaviour, and proactive communication with clients continues to support portfolio stability.
One interesting transaction in April was financing for the construction of a facility dedicated to sorting, packaging and distributing packaged potatoes through direct supply channels. The investment was additionally linked to public funding support under the Polish National Recovery Plan (KPO), reflecting growing interest in modernization and value-added agricultural infrastructure projects.
In the coming months, our focus remains on safe and sustainable portfolio growth while maintaining strong portfolio quality. We continue to prioritize prudent risk assessment and financing projects with solid long-term business potential.