Hungary: Sheep and cattle farmers will receive support already this week

Published 2022년 12월 16일

Tridge summary

The article highlights the significant role of agricultural subsidies, specifically advances and partial payments, in supporting the financial stability of agricultural producers in Hungary this year. Factors such as drought, increased input material and feed costs, and a less favorable credit financing environment have made these subsidies essential for production financing. The Ministry of Agriculture in Hungary has announced plans to distribute HUF 322 billion in these subsidies this year, with HUF 4.5 billion already allocated for ewes support and HUF 6.5 billion for dairy cow support.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year - due to the drought, the drastic increase in the price of input materials and feed, and the less favorable credit financing environment - the role of advances and partial payments related to agricultural subsidies in the financing of agriculture increased. That is why it was important to ensure that as many people as possible receive a uniform payment and that transfers can begin on all possible legal grounds, even after the production-related subsidies of livestock breeders and fruit growers. In order to increase the financial stability of agricultural producers and to finance the financial resources necessary for production, advances and partial payments in the amount of HUF 322 billion will be made this year, the Ministry of Agriculture informed Agro ...
Source: Agronaplo

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