Hungary: Make a millionaire out of your grandchildren with an investment in truffles

Published 2021년 10월 21일

Tridge summary

Truffle cultivation is a profitable agricultural business that can potentially generate 1-2 million forints per hectare, with the potential to earn 10-20 times the income of regular agricultural land. The activity requires a free plot of land, suitable soil conditions, and some self-sufficiency. It takes 8-10 years for the forest to start producing truffles, and there is support available through the Rural Development Program. The costs include afforestation, seedling prices, and forest maintenance, but support is also available for these costs. The yield increases over time, potentially providing annual revenues of HUF 1-1.5 million. However, it's important to note that the first truffles are not expected until the 8th year, and there are additional costs for mandatory training and a suitable dog.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Passive income of millions of forints a year, state support and minimal work - these characterize a good business opportunity. There is something like this in agriculture now and the current financial yields can’t really beat it either. This is truffle cultivation. Even bank yields do not produce like a truffle forest, experts say. This can be explained by the fact that 10-20 times the income from the average agricultural land can be earned with it. Truffle cultivation can bring 1-2 million forints per hectare. If the soil conditions are good (medium-bound, humus-rich, well-watered, neutral pH, weakly calcareous areas) and we plant truffle propagating material, the forest will produce truffles in 8-10 years, up to fifty-hundred years. In addition, they now support the activity in the Rural Development Program with three and a half million forints, one hundred percent non-refundable support. So you need a free plot of land and some self-sufficiency to get started, but let’s look at ...
Source: Magro

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