Funding under requests for financial support uncovered in 2019 resumed

The Agency for Intervention and Payments in Agriculture resumed the process of providing financial support based on applications filed in 2019 that remained without financial coverage as the amounts earmarked in the National Fund for Agriculture and Rural Development were used up. It is planned that the receipt of applications for funding this year will start on February 1, 2020.

According to the Agency’s preliminary data, a record number of 7,505 applications for financial support for 4,476 agricultural producers were accepted in 2019. The value of the requested financial support exceeded 1 billion lei.

Through the National Fund for Agriculture and Rural Development, the state supports agricultural producers that invested in hothouses, multiannual plantations and agricultural machinery. Among other covered areas are the development of animal breeding, organic farming, promotion of products on markets, founding of rural agripensions, creation or extension of handicraft units.

Contacted by IPN for details, the Agency’s spokeswoman Olga Kalmysh said a campaign to inform agricultural producers about the methods of submitting applications for this year starts next week. Information will be provided about the three possibilities of financing the agricultural sector, namely post-investment financing, financing of startups and subsidization in advance.

Under the state budget law for 2020, the National Fund for Agriculture and Rural Development this year represents 1 billion lei.

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