Agri Ministry Introduces 5-point Support Package
The Ministry of Agriculture has taken a number of policy measures in order to overcome recent challenges, Anikó Juhász, the Deputy State Secretary at the Ministry of Agriculture responsible for agriculture, pointed out according to the ministry's announcement on Friday at the 31st Farmer Expo in Debrecen (225 km east of Budapest).
In the past almost two and a half years, the livestock industry has been hit by serious challenges, she said.
In addition to the coronavirus, the rise in feed and energy prices, as well as the labor shortage, have put farmers in a difficult situation.
Juhász said that in view of the extraordinary drought situation, the ministry introduced a five-point package of measures to help farmers, including the livestock sector.
The most important thing for the sector is that the government has allocated HUF 3 billion in support to finance the bulk feed transport costs of livestock keepers struggling with supply problems.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
