Trademagazin > News and articles > Market News > This year, the amount of agricultural insurance premium subsidies increased to 11 billion HUF
This year, the amount of agricultural insurance premium subsidies increased to 11 billion HUF
Last year, the amount of support for agricultural insurance premiums increased from 5 billion HUF to 7 billion HUF, and this year by another four billion, the Association of Hungarian Insurers (MABISZ) pointed out in a statement sent to MTI.
They highlighted: farmers can get back up to 70 percent of their insurance premiums as a retrospective subsidy.
MABISZ explained that in the system operating since 2012, farmers are encouraged to take out agricultural insurance with a premium subsidy that also uses EU funds. (MTI)
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