NGM: new sub-construction of the Agrár Széchenyi Card launched

The government is doing everything in its power to support Hungarian agriculture, including the strategically important pig sector. The NGM is launching a significant support package at the initiative of the Ministry of Agriculture in order to strengthen the competitiveness of the pig sector and ensure the liquidity of breeders, in response to the strategic importance of the sector and the difficult circumstances that have recently developed. Through the new, special subtype created within the Agrár Széchenyi Card construction, farmers can access funds with full interest, fee and cost exemption – they wrote. Richárd Szabados, the ministry’s state secretary responsible for the development of small and medium-sized enterprises, technology and the defense industry, highlighted that the measure significantly contributes to reducing the financial burden of pig farmers and to the long-term sustainability of the sector. The new provisions relating to the pig sector will enter into force on Friday in the Agrár Széchenyi Card’s business regulations. Loan applications can be submitted in person no later than September 11. Loan agreements must be concluded no later than September 30, while related guarantor applications can be submitted no later than November 30. Further information can be found on the website www.kavosz.hu – they added.

According to the statement, in recent months the pig sector has been faced with continuously deteriorating sales prices, which has caused a crisis

Farmers engaged in pig farming and pig breeding have been selling both fattening pigs and piglets at prices below cost – the measure was justified. Based on the government’s support, in the case of loan contracts that come into effect between January 23 and September 30, the loan is interest-free for the entire term. The state will also cover the handling costs, registration fees, one-time contract conclusion fees, appraisal fees, notary fees, and the cost of collateral valuation, up to a maximum credit limit of HUF 500,000 calculated for each whole animal unit started. The amount of the credit limit ranges from HUF 500,000 to HUF 200 million.

MTI