Hungary submits strategic plan for new CAP to Brussels
Hungary has submitted its strategic plan for the European Union's reformed common agricultural policy (CAP) to the European Commission, Agriculture Minister István Nagy said on Thursday, according to a report by state news wire MTI.
The strategic plan outlines the system for payment of agricultural support for the period 2023-2027.
"We're modernizing the agriculture and food supply sectors that are the backbone of the rural economy, while preserving the natural values of our created world, allowing for an improved quality of life for people in the countryside, and providing support to small- and mid-sized farms," Nagy said.
A government decision to raise the national co-financing threshold to the maximum 80% will make HUF 6.253 trillion in funding available for farming, food industry, and rural community developments, he added.
The EC is expected to assess the strategic plan in the coming months and make initial observations early in April. The plan could be approved by the summer.
"We're modernizing the agriculture and food supply sectors that are the backbone of the rural economy, while preserving the natural values of our created world, allowing for an improved quality of life for people in the countryside, and providing support to small- and mid-sized farms," Nagy said.
A government decision to raise the national co-financing threshold to the maximum 80% will make HUF 6.253 trillion in funding available for farming, food industry, and rural community developments, he added.
The EC is expected to assess the strategic plan in the coming months and make initial observations early in April. The plan could be approved by the summer.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
