The payment of agricultural insurance premium subsidies begins
The effects of climate change, which can be felt in everyday life, but especially in farming, or last year’s drought situation on a historic scale, emphatically draw the attention of agricultural producers to the fact that it is absolutely worthwhile to use risk management tools – pointed out Minister of Agriculture István Nagy.
(Photo: Pixabay)
The head of the ministry emphasized that Hungary has the most extensive agricultural risk management system in the European Union. As one of the pillars of this, farmers have for many years been able to use the subsidy for the premiums of agricultural insurance contracts linked to weather risks, if they request it in a unified subsidy application submitted to the Hungarian Treasury. The Ministry of Agriculture provides support from the Rural Development Program, which also aims to strengthen the responsibility of agricultural producers based on self-care and covers part of the insurance premium.
The minister emphasized that the annual budget for agricultural insurance premiums – which was 4 billion forints in 2016 – is constantly and dynamically increasing, and as a result, more than 37 billion forints have already been paid out in connection with 100,000 applications in the past 7 years. With the current decision, a subsidy of almost HUF 14 billion has been approved for more than 23,000 more applications for the year 2022, the payment of which to farmers will soon be started by the Hungarian Treasury.
AM
Related news
(HU) MBH AgrárTrend Index: stabilizálódtak a magyar élelmiszer-gazdaság kilátásai
The assessment of the situation of the actors of the…
Read more >
The EP approved the review of the EU’s common agricultural policy
The revision of the common agricultural policy (CAP) was approved…
Read more >
Agrometeorology: rainfall was good for plant development
The cool weather of the past few days stopped the…
Read more >Related news
The calm before the storm?
The first returnable plastic, aluminium and glass drink containers have…
Read more >
(HU) Az ember birka, amerről a kolomp szól, arra megy – Puskás Tamás színész, rendező a FutureTalks podcastban
Sorry, this entry is only available in HU.
Read more >
National economy considerations
At a conference organised by the National Association of Plant…
Read more >
