News

The rescheduled area and animal-based support payments have begun

Innovation & Technology
Published Apr 16, 2024

Tridge summary

In a significant support initiative, nearly 48,000 Hungarian farmers benefited from over HUF 55.6 billion in aid, distributed through 11 different legal titles by the Hungarian State Treasury. This effort included early payments under several support schemes, notably the new Agro-ecology Program (AÖP), which alone disbursed 45% of its funds to almost 37,000 stakeholders. The government's proactive measures aimed to alleviate the financial and market pressures on farmers, encompassing a wide range of supports from basic area-based and supplementary support for small farms to production-related subsidies. Additionally, investment and rural development grants were provided, with a particular emphasis on modernizing the food processing sector, showcasing the government's comprehensive approach to supporting the agricultural sector.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Almost 48,000 producers received more than HUF 55.6 billion in support under 11 legal titles from the Hungarian State Treasury thanks to the extraordinary rescheduling. This also started the payment of the new green subsidy, the Agro-ecology Program (AÖP). HUF 470 billion was previously paid to farmers in connection with the 2023 area and animal-based subsidies. The new EU support cycle launched last year places a more complicated burden on producers and the public administration than ever before, which is why the government is making extraordinary efforts to provide farmers with the greatest possible help amid the market and financial difficulties. Therefore, with the temporary reallocation of government office and treasury resources, payments were made weeks earlier than the original schedule in several support titles. In the current payment package, which exceeds 55 billion forints, the new legal title, the Agro-ecological Program (AÖP), has also appeared in the order of 35.6 ...
Source: AgroForum
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