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Investments

Ministry of Agriculture will launch a support package worth HUF 100 billion

New developments funded will determine the future of agriculture.

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.

Source
Magyar Nemzet
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