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Hungary: Government adopts new agricultural loan system.
The cabinet today has expanded the Szechenyi Plan [government's medium-term economic programme] by a new chapter adding a new agricultural loan system, which includes family farms and individual farmers working on less than 300 ha, and legally registered small and medium-size entrepreneurs.
Three kinds of loan criteria were established, the first one is for buying land, the second to set up premises, create plantation and to purchase equipment, the third is for loans for fixed current assets.
Family farms can apply for loans to buy land without any capital. To acquire land up to 100 ha is possible with a no interest loan, when buying land larger than 100 ha, …
