This year, farmers with a subsidized agricultural insurance receive a higher rate of refund

This year, farmers with subsidized agricultural insurance receive a larger share of this year’s refund because the agrarian insurance premium subsidy fund was raised this year, from 4 billion forints to 5 billion forints – the Hungarian Federation of Independent Insurance Brokers (FBAMSZ) told.

In 2018, farmers paid 13.3 billion forints plant insurance fees, of which over 9.8 billion forints were eligible for subsidies. According to the alliance’s communication sent to MTI on Friday, payments will start on 15 December, and the Hungarian State Treasury (MÁK) will carry out the premium subsidies for agricultural insurance. (MTI)