This year the premium rate of subsidized agricultural insurance increased by 16 percent

By: Trademagazin editor Date: 2019. 12. 11. 11:25

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The volume of subsidized crop insurance premiums paid by farmers is expected to be close to 11.4 billion HUF this year, which is 16 percent higher than last year – the Hungarian Association of Independent Insurance Brokers (FBAMSZ) announced.

Since up to 65 percent of the fee paid can be claimed back as a post-subsidy, farmers have significantly overcharged the pre-determined 5 billion HUF premium. (MTI)