Mabisz: one can apply for agricultural insurance premium support until May 15

Farmers can apply for agricultural insurance premium support until 15 May, after which the amount of support for submitted applications will be reduced by 1 percent per working day until 9 June, the Association of Hungarian Insurers (Mabisz) told MTI on Thursday. h2>

According to the communication, the single application (EC) application interface has already been opened, which has made it possible to apply for insurance premium support. This year, instead of the previous 30 percent, premium-subsidized insurance will help even in the case of climatic phenomena that cause a decrease in yield of more than 20 percent, and the maximum amount of support has increased to 70 percent instead of 65 percent of all eligible costs.

The amount of support from 2018 is 5 billion HUF. If the requirements exceed the available limit, the amount of support will be reduced proportionately, they added. (MTI)