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Hungarian farmers receive HUF 650 bln in support in 2012

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Hungarian farmers received HUF 650 billion in support last year, over the HUF 627 billion target, daily Magyar Nemzet said on Wednesday, citing data from agriculture research institute AKI. A total of HUF 733 billion in farm and rural development funding was available last year, including monies left over from earlier programs, the paper said. Wholly European Union-funded grants accounted for almost 54% of the payouts last year. Support comprised of EU and state co-financing made up more than 35% and state grants accounted for 11%.

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