FAQ

  1. What is the Banca nazionale delle Terre Agricole?
  2. Who can access the Bank?
  3. What should I do if I have a problem registering?
  4. What is the difference between the section 'Complete list of ISMEA land' and the section 'Land for sale'?
  5. How can I buy a plot of land in the Banca nazionale delle Terre Agricole?
  6. Does sending an EOI entail an obligation for the applicant?
  7. Is it possible to express an interest in more than one plot of land?
  8. Does a security deposit have to be paid in order to submit an EOI?
  9. How can I ensure that my EOI is sent correctly?
  10. What can I do if I have not received the email with the link to confirm the EOI?
  11. If I do not receive an invitation to participate in the auction, does this mean that my EOI has been excluded?
  12. What is the maximum timeframe within which to submit bids?
  13. How can the security deposit be paid?
  14. What is the difference between the first three attempts and the fourth one?
  15. How is it possible to identify the lands going for the fourth sale attempt?
  16. Who can obtain a mortgage loan to purchase the land? Is access to mortgage loans reserved for "young farmers”?
  17. Do young farmers need to submit a business plan to access a mortgage?
  18. If the EOI is submitted by a partnership with a (shareholding/numerical, etc.) majority of young people and with the set requirements and subsequent award, is the facility of instalment payment up to 30 years with mortgage guaranteed? In other words, does the award automatically include this facility?
  19. After submitting the EOI, will young farmers who meet the requirements to take advantage of the facilities referred to in Article 7) of the Criteria still have to pay 10% of the starting bid price?
  20. If the auction is awarded to a young farmer who intends to use the facilities provided for in Article 7) of the Criteria, does ISMEA finance 100% of the amount that the land has been awarded for?
  21. How should the instalments be paid in the case of a sale with payment in instalments?
  22. How are the plots of land sold
  23. If the land is to be released, what kind of support does ISMEA provide in carrying out the executive activities?
  24. When can the successful bidder expect to take possession of the land?
  25. Following the auction procedure, is it possible to exercise the right of pre-emption?
  26. Do the notarial deed and the payment take place after the actual release of the land?
  27. If I wish to access a bank loan to buy land in the BNTA, can I make use of the ISMEA direct guarantees?
  28. Why is it that after registering with the Banca Nazionale delle Terre Agricole, I cannot log in using my username and password?
  29. If the successful bidder relinquishes the purchase, will the next bidders in the ranking be considered?

1. What is the Banca nazionale delle Terre Agricole?

The "Banca Nazionale delle Terre Agricole" (hereinafter referred to as the "Bank"), established by Article 16 of Italian Law no. 154 of 28 July 2016, constitutes a comprehensive inventory of the agricultural land that becomes available also following the abandonment of production and early retirement, collecting, organising and advertising the necessary information on the natural, structural and infrastructural characteristics of such land and the terms and conditions for its sale and purchase. The Bank, which is managed by ISMEA, operates at a national level and the terms of the sale are governed by the criteria published and in force at the time of the launch of the competitive procedure.


2. Who can access the Bank?

Everyone can access the Bank. Access is free of charge. Just register on the official website by clicking on the following link and providing an email address and a password. If you have already registered on www.ismea.it, you can use the same credentials (username and password) to access the Bank.


3. What should I do if I have a problem registering?

You can contact the Public Relations Office by sending an email from an ordinary email address (non-certified) to urp@ismea.it or by calling 06 85568319 or 06 85568260 from Monday to Friday from 9:30am to 1:30pm and on Monday and Wednesday also from 2:30pm to 5pm.

You are advised to provide a contact telephone number in the email.


4. What is the difference between the section 'Complete list of ISMEA land' and the section 'Land for sale'?

The 'Land for sale' section includes ISMEA land for which the sale procedure is open pursuant to Article 13(4 quater) of Italian Decree Law no. 193 of 22 October 2016, converted, with amendments, by Italian Law no. 225 of 1 December 2016. An expression of interest (EOI) can only be submitted for land included in this section.

Through the 'Complete list of ISMEA land' you can also find out information about land that may be up for sale in the future, and can download the relevant technical sheets.

At the start of the competitive sale procedure, the 'Complete list of ISMEA land' will not be available for consultation.


5. How can I buy a plot of land in the Banca nazionale delle Terre Agricole?

Therefore, in order to purchase land through the Bank, a certified email address (PEC) is required.


6. Does sending an EOI entail an obligation for the applicant?

No. The EOI is not binding but is required for the user to be invited to the next stage of the land sale process.

In the case of a company, the person entitled to submit the MDI is the Legal Representative.

In addition, if the Expression of interest is submitted by a two 50-50 partners partnership, this case must be declared in the Expression of interest. The details of both partners shall also be included.


7. Is it possible to express an interest in more than one plot of land?

Yes. In this case, the user must fill in the form provided to submit an EOI for each plot of land of interest.


8. Does a security deposit have to be paid in order to submit an EOI?

No, a security deposit is only required if a bid is made to purchase the land.


9. How can I ensure that my EOI is sent correctly?

After completing the EOI, the user receives an email with a link to be clicked to complete the sending of the EOI, sent to the PEC address given in the EOI. This must be done within 90 days from starting the terms to submit an EOI. The system confirms the correct reception of the EOI with a certified email, issuing a copy in PDF format.


10. What can I do if I have not received the email with the link to confirm the EOI?

If you have not received the email with the link to click to complete the sending of the EOI, it may be because you have not entered a certified email address (PEC) or you have entered an incorrect email address. In these cases, or if you want to cancel an unconfirmed EOI, you can delete the EOI by clicking on the land in question and following the steps to complete the cancellation.
Once you have deleted the EOI, you can make a new EOI containing new information.


11. If I do not receive an invitation to participate in the auction, does this mean that my EOI has been excluded?

ISMEA will send a letter of invitation to all of those who have correctly submitted an EOI. However, you must have a valid PEC address when sending the invitation letter. If you do not receive the letter of invitation, ISMEA will send it a second time. In the event of any failure to receive the letter, the user shall be deemed to have withdrawn.


12. What is the maximum timeframe within which to submit bids?

Within and no later than 45 days from sending the letter of invitation, by sending the bid in a sealed envelope to ISMEA, as established in point 4 of the Criteria, accompanied by the security deposit.


13. How can the security deposit be paid?

The non-interest-bearing deposit, set at 10% of the starting bid price, must be paid exclusively by banker's draft.

Cheques are not allowed and therefore the payment of the deposit by this method will result in exclusion from the auction.


14. What is the difference between the first three attempts and the fourth one?

Bids for the first three attempts at sale will only be accepted if the amount offered is greater or equal to the base auction value.

For the land at the fourth attempt of sale, as stated in point 5 of the Criteria, free offers are allowed both upward and downward compared to the base auction value, with a minimum value, below which the sale cannot take place, set at 35% of the base auction value1.


15. How is it possible to identify the lands going for the fourth sale attempt?

In the list of lands for sale on the Bank's website, the lands that reached the fourth attempt at the sale are highlighted. For these, it is also explained that the offer can be made either upwards or downwards, with an explicit indication of the minimum value below which the sale cannot take place.

It should be noted that the security deposit is fixed, in any case, for all the plots of land, at 10% of the basic auction value.


16. Who can obtain a mortgage loan to purchase the land? Is access to mortgage loans reserved for "young farmers”?

When the EOI is sent, as stated in point 7 of the Criteria, the user must meet the following requirements:

If a sole trader, it must be:

If a company, it must be:


17. Do young farmers need to submit a business plan to access a mortgage?

No. To access a mortgage loan, , it is sufficient to apply as an Individual Enterprise or as a Company and to possess, at the time of submission of the EOI form, the subjective requirements of “young farmer” indicated at point 7 of the Criteria. On this point, please refer to the answer to no. 16.

It should be noted that the submission of the EOI form, on the dedicated portal, as a “private user” precludes the possibility of access to the instalment payment of the price.


18. If the EOI is submitted by a partnership with a (shareholding/numerical, etc.) majority of young people and with the set requirements and subsequent award, is the facility of instalment payment up to 30 years with mortgage guaranteed? In other words, does the award automatically include this facility?

After the auction procedures have been completed, if the young farmers’ company is awarded the land, it may decide to apply for a mortgage loan for a maximum amount equal to the basic auction price (or for the fourth attempt at sale at the price offered if lower), reduced by the amount of the security deposit.

In this case, the loan will be granted, subject to checking the compliance with the requirements declared in the EOI.

It should also be noted that if the young farmer is awarded two or more plots of land, he may request payment in instalments for only one plot of land, at his choice (point 7 of the criteria).


19. After submitting the EOI, will young farmers who meet the requirements to take advantage of the facilities referred to in Article 7) of the Criteria still have to pay 10% of the starting bid price?

Yes. As provided for in point 4 of the Criteria, bids to participate in the competitive bidding procedure for all the sale attempts must be accompanied by a security deposit, equal to 10% of the starting bid price.


20. If the auction is awarded to a young farmer who intends to use the facilities provided for in Article 7) of the Criteria, does ISMEA finance 100% of the amount that the land has been awarded for?

As per the Criteria, in case of awarding a "young farmer", the payment of the price, limited to one plot of land, may be made in instalments, after ISMEA checks the declared subjective requirements, with the application of a mortgage equal to 100% of the value of the land used as the starting bid price, for the first three attempts or for the award price, if smaller, in case of fourth attempt.

In the event of being awarded the land, the security deposit paid is acquired by ISMEA as an advance on the sale price and is never refunded. It is possible to pay up to 100% of the starting bid price in instalments, net of the security deposit.

Any difference between the value of the land awarded and the starting bid price must be paid by the successful bidder at the time of conclusion, net of the security deposit.

For clarity, please refer to the example under question 14.


21. How should the instalments be paid in the case of a sale with payment in instalments?

The payment of the individual pre-amortisation and amortisation instalments shall be made, by the successful bidder, exclusively via SDD (Sepa Direct Debit), with direct debit to the current account of the successful bidder, as indicated in the relevant contract.


22. How are the plots of land sold?

Land is sold as a whole and not on a per unit of measure basis, in the de facto and de jure state it is found to be in, with the relative accessions and appurtenances, rights and receivable and payable easements, charges, rents and existing restrictions, even if unknown and not transcribed, with the express obligation on the part of the successful bidder to ensure, at its own expense, than the necessary regularizations are carried out in good time before signing the deed of sale.

In the sale excluding business equipment and livestock, the composition of the land is guaranteed in accordance with the land registry data, and not the actual conditions of any buildings and crops present.

Any activities for the release of the land are specified on the technical sheet (Release performed or Release to be performed). On request, ISMEA will support the successful bidder in carrying out the executive activities.

Before proceeding with the conclusion of the contract, the successful bidder, within the period (in any case not less than 60 days) which will be assigned by Ismea following formalization of the award of the contract, must, before signing the contract, carry out the required regularizations at his own expense, failing which the contract will be revoked and the security deposit withheld.

To this end, please note the according to Law no. 160 of 27 December 2019 art. 1, paragraph 510, to the acts resulting from the procedures of sale through the Bank of Agricultural Lands are applied, with regard to the modalities of urban regularization to be carried out in relation to the transfer of ownership of the properties, the special provisions of Article 46, paragraph 5, of Presidential Decree of 6 June 2001, no. 380 and 40, paragraph 6, of Law no. 47 of 28 February 1985.


23. If the land is to be released, what kind of support does ISMEA provide in carrying out the executive activities?

At the request of and on behalf of the successful bidder, ISMEA will take care of the land release operations, prior to concluding the sales contract. The sale will take place in the de facto and de jure state in which the land is found at the time of release without any exception whatsoever being made against ISMEA. On this point, please refer to the answer to question no. 22.

Otherwise, if not requested, the occupied property will be sold, with release at the successful bidder’s expense.


24. When can the successful bidder expect to take possession of the land?

The activities related to releasing the land are stated in the land’s technical sheet.

In the case of land with "Release to be performed", ISMEA, once all the executive activities have been carried out at the request of the successful bidder, will sign a preliminary sales contract, for the time strictly necessary to perform the preparatory operations to sign the deed.

In the case of land with "Release performed", ISMEA will take steps to put the successful bidder in possession of the land, signing, if it is not possible to proceed directly to the sale of the asset, a preliminary sales contract for the time strictly necessary to perform the preparatory operations to sign the deed.

“Release performed” means that the land is free or run by a person appointed by ISMEA with the task of temporarily looking after the land.


25. Following the auction procedure, is it possible to exercise the right of pre-emption?

No. Pursuant to Article 13(4 quater) of the aforementioned Italian Legislative Decree 193/2016, the right of pre-emption for agriculture does not apply to the sale of ISMEA land.


26. Do the notarial deed and the payment take place after the actual release of the land?

If it is not possible to directly conclude the notarial deed while paying the amount due at the same time, ISMEA will sign a preliminary contract of sale with the successful bidder and will entrust such bidder with the custody of the land for the time strictly necessary to carry out the preparatory operations to conclude the deed of sale.


27. If I wish to access a bank loan to buy land in the BNTA, can I make use of the ISMEA direct guarantees?

Yes, provided that the conditions to access the ISMEA direct guarantee are met. On this point, please consult the specific web page http://www.ismea.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/113


28. Why is it that after registering with the Banca Nazionale delle Terre Agricole, I cannot log in using my username and password?

Access is not granted if you have not completed your registration on the ISMEA website.
To register, you must complete the following steps correctly:

  1. access the Registration page on the ISMEA website, by clicking on the following link;
  2. fill in the forms by entering the required data and then click on the Register button at the bottom of the last page;
  3. check that you have received an email with the following subject: ‘Confirm your email address’, and then click on the link in the same email to complete your registration.


If the abovementioned steps have been followed correctly, the user will receive an email confirming the registration and will be able to access the Banca Nazionale delle Terre Agricole using the credentials (username and password) given when registering.
In the event of further difficulties when registering, please contact the ISMEA Public Relations Office.


29. If the successful bidder relinquishes the purchase, will the next bidders in the ranking be considered?

The ranking according to Article 4 of the Criteria is valid for two years from the date of approval, therefore, in case of relinquishment of the successful bidder, the requirements will be verified and the award will be conferred to the subject duly placed in the ranking.