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'Historic' HUF 600 bln development program for agriculture

Crops

The Renewable Countryside and Renewable Agriculture Program will provide for and strengthen Hungarian agriculture and the food industry to a historic level, Minister of Agriculture István Nagy said in a statement issued by the Ministry of Agriculture, according to novekedes.hu. 

In the statement, the head of the ministry recalled that the government provides 80% domestic co-financing for the European Union's rural development funds, which has enabled the launch of a development program for the whole of agriculture and the countryside. 

He added that in the coming months, new investment tenders worth about HUF 600 billion will be issued based on the government's decision and the next amendment of the Rural Development Program.

According to the Hungarian Central Statistical Office, the total value of output of agriculture increased by 4.1% in 2020. The volume of production was down by 2.1% and prices rose by 6.3%. 

The volume of crop production lessened by 2.9% and that of livestock production by 1.6%, while the volume of services was up by 3%. The production of potatoes and animal products grew, and the production of the remaining groups of agricultural products decreased or was unchanged.

 

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