AM: The Ministry of Agriculture is helping farmers implement their supported investments with new facilitation

By: STA Date: 2025. 11. 07. 10:00

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In the new agricultural support cycle, the period of project implementation is taking place after the investment decisions. As a result of the consultation with the banking sector, the ministry is eliminating the obligation to provide proof of self-sufficiency when applying for an advance. With this, they intend to contribute to the smoothest possible implementation of agricultural investments, while ensuring a support system designed in accordance with real needs and producer liquidity – announced József Viski, State Secretary responsible for agricultural and rural development support, according to a statement from the Ministry of Agriculture (AM) on Wednesday.

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The Secretary of State announced that a significant relief for the beneficiaries of investment subsidies implemented from the resources of the Common Agricultural Policy Strategic Plan with 80 percent domestic co-financing is that in the future, it will not be necessary to submit a self-financing certificate to apply for a 25 percent advance, which will improve the financial room for maneuver of the agricultural enterprises concerned, strengthening their solvency. This measure is also part of the steps taken to operate a farmer-friendly agriculture, which will reduce the administrative burden on farmers, while the processing of applications will be accelerated similarly to payments. The goal is that farmers will not encounter financial obstacles during their developments – they wrote. However, it is important to emphasize that the abolition of self-financing certificates does not exempt those concerned from the obligation to provide self-financing. The own resources necessary for the implementation of projects must continue to be available, the change only exempts them from the obligation to provide certificates. This new regulation will come into force after the modification of the calls for tenders, which will also apply to the already submitted and ongoing applications for advance payments, so their assessment will be carried out according to the new, simplified procedure – highlighted József Viski. The Hungarian government considers agriculture to be a national strategic sector, therefore it allows simplified accounting in investment tenders, with a reduced administrative time and the possibility of providing easier advances. It encourages agricultural enterprises to strive to increase financial soundness, cost-effectiveness and added value – wrote the AM.

MTI