István Nagy: by 2027, the government will spend around HUF 4,300 billion on the development of agriculture, the food industry and rural settlements

By: Trademagazin Date: 2023. 11. 15. 11:29

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The Hungarian government provides 80 percent additional national funding in addition to the EU development resources for rural development, until 2027, as part of the second pillar of the common agricultural policy, it will spend about HUF 4,300 billion on the development of domestic agriculture, the food industry and rural settlements – stressed István Nagy, Minister of Agriculture, on Wednesday in Jánossomorja, the At the handover of the development of Lajta-Hanság Zrt., a member of the Talentis Agro group.

The head of the ministry said that in the new support program, support for energy-related developments of agricultural enterprises will be maintained in order to expand the energy self-sufficiency of agricultural plants, reduce energy dependence and improve energy efficiency. They will also support horticultural plants, livestock farms and the general modernization of crop storage and drying, he listed.

The government also supports the promotion of agricultural digitalization – said István Nagy, adding that the area takes on a central role because it strengthens the competitiveness and value-added production of agricultural farms, and also enables the application of environmentally friendly cultivation, breeding and production technologies.

He pointed out that agricultural producers can apply for tenders aimed at modernization with at least 40 percent agricultural revenue and a farm size of at least 10,000 euros.

According to the plans, the support intensity will be 50 percent in the basic case, which can be increased in certain cases, he said. He cited as an example that those practicing organic farming can count on a 10 percent higher support intensity.