In addition to the previously announced calls for investments in livestock and horticulture, farmers can now also apply for irrigation developments.
For this new purpose, the ministry has set aside a budget of about HUF 20 million, allowing farmers to pursue projects they couldn’t before.
The maximum support for past investments was HUF 500 million and HUF 1 billion for irrigation investments. This cap will now be raised to HUF 2 billion. The new support system will allow for the development of not only one business but entire sectors.
The government is also working on a support system for small market players. The new HUF 5.5 billion scheme will support the development of small producers and the creation of local markets.