AM State Secretary: technological modernization is taking place in domestic agriculture

(Photo: Tibor Vermes)

Zsolt Feldman spoke at the general assembly of the National Association of Agricultural Equipment and Machinery Distributors (MEGFOSZ) about the fact that in 2022 HUF 226 billion in subsidies were paid to farmers for agricultural investments. He added that with this – counting the 50 percent co-financing – they could contribute to an investment of about HUF 452 billion. The unchanged price value of investments increased by 80.8 percent between 2010 and 2022, which contributed to the improvement of the sector’s productivity and international competitiveness, he added.

Within the developments, the development of agricultural machinery sales in Hungary has been showing dynamic growth for years and, despite the difficulties, another record was set in 2022

Individual farms and cooperatives bought HUF 385 billion worth of new agricultural machines and tools, which was 65 percent more than sales a year earlier. HUF 80 billion were spent on components, which shows a 12 percent increase. Zsolt Feldman emphasized that the Rural Development Program has a big role to play in the expansion of the agricultural machinery market. The demand for precision farming machinery, such as tractors, combine harvesters, sprayers, and implements capable of spreading according to plan, has increased significantly for the tender promoting the transition to precision farming, he said.

MTI