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NVT announces tenders for lease of 43,000 hectares of state-owned land

Hungary's national asset management council NVT announced that it would call tenders for the lease of 43,000 hectares of state-owned land under the European Union's agricultural program (AKG).

The tenders will give about 15,000 farmers in Hungary access to an annual HUF 5 billion (€18.88 million) in EU subsidies over the next five years on more than 1.2 million hectares of land. About 87% of farmers involved in the program have less than 300 hectares of land.

NVT made its decision not to lose about HUF 25 billion of subsidies for 50,000 hectares of land that are no longer owned by farmers or will lose their ownership before December 31, 2014.

AKG aims to preserve the natural environment, maintain genetic resources and help improve food safety. Farmers involved in the program are prohibited from using pesticide or chemical fertilizer. (MTI – Econews)