Welcome to the May 2026 edition of LANDE's Platform Performance Report, where we share monthly updates on loan issuance, debt recovery, and key platform developments.

The total amount of financing provided to farmers through the LANDE platform across our four markets in May 2026 was €1,894,366 across 69 projects (avg. project value €27,455).  

The breakdown of financing by country is as follows:

The share of loans issued in May that were backed by either land/property or machinery in each market was the following: Latvia 95%, Lithuania 100%, Romania 88.2%; Poland 100%.  

239 new investors registered on the LANDE Platform in May. 

LANDE investors earned a total of €146,949 in interest in May, with the all-time total having now reached €4.92 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). 

Average interest rate 

In May, investor returns reached 12.39%, without cashback campaign and other bonuses.

Loan repayment statistics  

At the end of May there were 2,167 projects funded through the LANDE platform, of which 1,173 had been repaid in full while 994 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 € 629,691 in May, while the all-time total has reached €29.91 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 are forecasting a strong harvest this year, supporting confidence in stable cash flows and timely loan repayments. Many borrowers expect to repay their loans according to schedule or even earlier than usual.

At the same time, demand for financing remains strong. New clients continue to join the platform, while existing borrowers increasingly return for additional funding, reflecting both trust in our services and satisfaction with the cooperation received.

For clients facing financial difficulties, proactive measures are being taken to ensure the settlement of outstanding obligations through the most appropriate recovery and enforcement approaches. In light of the positive outlook for the upcoming season, we are also reassessing recovery opportunities in projects where progress had previously been limited by challenges in the agricultural sector. Improved operating conditions and cash flow generation are expected to enhance recovery prospects and support overall portfolio performance. 

Lithuania 

May continued to demonstrate strong stability in the Lithuanian market. An impressive 99% of borrowers were either new clients or returning customers who had successfully repaid previous loans and chose LANDE again for their financing needs. This is a clear indication of the trust farmers place in our platform, as well as the growing number of referrals from satisfied clients within the agricultural community.

On the debt recovery side, we also achieved a positive milestone during the month. Full recovery was completed for one defaulted loan, and the recovered funds were successfully returned to investors (Project 220921-157364).

Overall, the Lithuanian market continues to perform steadily, showing healthy growth in both client acquisition and retention, while maintaining strong progress in debt recovery efforts. These results reinforce LANDE’s position as a trusted financing partner for farmers and a reliable investment platform for investors.

Romania  

From an origination perspective, May was a strong month in Romania, supported by positive expectations for the 2026 agricultural season. Demand was mainly driven by investments in machinery, working capital, and farm expansion. During the month, EUR 554,800 in new working capital loans were disbursed, while three projects with delays exceeding 30 days were successfully refinanced and consolidated into a single loan secured by agricultural land, strengthening the overall portfolio risk profile.

At the same time, the legal environment became more challenging, with an increase in insolvency proceedings driven by ongoing political and macroeconomic instability. To strengthen our recovery capabilities, we partnered with the largest debt recovery service provider in Romania, significantly improving our capacity to manage complex enforcement and insolvency cases.

Recovery efforts remained active and disciplined, focusing on high-risk exposures and structured repayment solutions. Several debtors signed legally binding payment agreements and have already started repayments, improving cash flow visibility and recovery prospects. In parallel, we enhanced our early warning framework through external monitoring systems that provide near real-time alerts on court proceedings and insolvency filings, enabling timely legal action and better protection of investor interests.

Poland 

In May, the Polish agricultural market showed signs of gradual stabilization, supported by seasonal farming activity and improving sentiment among producers. Clients remained focused on maintaining liquidity and financing current operations, while selectively pursuing investments that enhance efficiency and long-term competitiveness. Portfolio quality continued to perform well, with repayment behaviour remaining stable and under close monitoring. 

At the same time, we continue to focus on building long-term relationships with our clients and developing a sustainable, high-quality portfolio. We are actively working on identifying and implementing financing solutions within our product offering that address the evolving needs of farmers and support their business ambitions. Looking ahead, our priority remains to combine responsible growth with tailored solutions that create lasting value for our clients and strengthen our position in the agricultural sector.