Ministry of Agriculture: new regulation encourages generational renewal in agriculture

By: Trademagazin editor Date: 2021. 12. 16. 11:31

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The law on the transfer of agricultural holdings, passed by the Parliament this week, ensures smooth administration, general legal succession and the maintenance of the functioning of the holdings, Minister Nagy István said in a statement issued by the Ministry of Agriculture (AM) on Thursday.

He pointed out that the aim of the new legislation was to support intergenerational renewal and encourage intergenerational cooperation. Almost two-thirds of individual farmers are over 55, and more than half of this group is 65 or older. And half of the managers of economic organizations are over 55 years old, so it has a paramount importance for the government to allow for the smooth transfer of farms. (MTI)