Trademagazin > News and articles > Market News > Agricultural and rural development payments increased by more than 10 percent last year
Agricultural and rural development payments increased by more than 10 percent last year
The amount of agricultural and rural development payments has been growing dynamically since 2017, increasing by 10.8 percent to 918.9 billion HUF in one year in 2020. The increasing trend was observed in all major support groups, 78.2 percent (718.5 billion HUF) of the disbursed support came from EU funds, 21.8 percent (200.4 billion HUF) was paid from the domestic budget – explains the publication of the Institute of Agricultural Economics.
The largest share, national subsidies, increased by 26.8 percent in the year under review, approaching 150 billion HUF, a significant part of the increase was related to the crisis management program aimed at mitigating the effects of the coronavirus pandemic. (MTI)
Related news
Applicability of plant protection products in different corn crops
When choosing plant protection products, it is of particular importance…
Read more >A new approach is needed in the production of berries
Although climate change has a serious impact on the domestic…
Read more >Increased controls to protect domestic livestock
Protection against infectious animal diseases is of paramount importance, as…
Read more >
More related news >
Related news
We are using up the Earth’s resources today, and there is something deeply embedded in this that we don’t even think about.
This year, July 24th is global Overshoot Day, or Overconsumption…
Read more >The price of bread is rising unstoppably – and with it everything from the bakery
Bread is a staple on the table of Hungarian families,…
Read more >The Grimace Shake, already popular in America, will finally be available here
On July 24, one of McDonald’s most unique shakes, the…
Read more >