Máté Lóga: another help for agricultural enterprises

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Last year, the situation of agriculture was affected by the historic drought affecting more than 50,000 farmers on 1.4 million hectares, and this year by the thousand-fold increase in Ukrainian grain imports. Rising production costs and falling producer prices cause significant losses, simultaneously destroying the sector’s efficiency. The state secretary responsible for economic development and national financial services stated that the level of support provided for the currently available “normal” Agrár Széchenyi Kártya Konstrukció can only slightly reduce the interest burden of agricultural enterprises in the current high interest rate environment. Máté Lóga added, “given the role of agriculture in the national economy, the Hungarian Government is taking decisive action to alleviate the financing difficulties affecting agriculture, so it has developed an “extra-subsidized” Agrár Széchenyi Card Current Account Loan for farmers in trouble”.

Máté Lóga emphasized that cheap financing is an essential condition for competitive agriculture, so the Government’s measure contributes to preserving the stability and security of farmers, ensuring proper quality Hungarian products, and thus also preserving the jobs of those employed in the sector. In addition, with the reduction of costs, food can be produced more cheaply, thereby contributing to the further reduction of sanctioned inflation.

GFM