The aid for cereals and oil crops is up to BGN 54/ha, for fruits, vegetables, essential oils and tobacco it is BGN 420/ha, for greenhouses it is up to BGN 1,260/ha
Farmers will receive up to BGN 3,000,000 for 2024 under a scheme for state aid “Aid for co-financing of insurance premiums at insurance of agricultural production in the “Crop farming” sector. This was decided by the Management Board of the State Fund “Agriculture”.
The state aid was re-notified in the month of February 2024, being entered under the number SA.112670 in the Register of State Aids of the European Commission and with a term of application until the end of 2025.
The purpose of the aid is to encourage micro, small and medium-sized enterprises, farmers, producers of cereals, oilseeds, essential oil and medicinal crops, fruits, vegetables and tobacco to voluntarily insure agricultural production against an adverse climatic event that can be equated of natural disaster, and other adverse climatic events.
Support is provided to farmers through payment by the state to insurance companies of part of the insurance premiums under concluded insurance policies for the insurance of their agricultural production for the relevant season. Pre-paid expenses for insurance premiums before submitting an application and issuing a certificate from the DFZ are not covered.
The amount of support per hectare for crops grown outdoors is up to BGN 420 per hectare (for fruit, vegetable, essential oil and medicinal crops, and tobacco), and the amount of support per hectare for greenhouses is up to BGN 1,260 per hectare.
For grain and oil crops, the support is up to BGN 54 per hectare. Farmers growing grain and oil crops are supported for the first 600 hectares of their land.
Differences above these parameters are borne by the farmer.
The tax due, according to the Tax on Insurance Premiums Act, is paid in full by the farmer and is not an element of support.
The DF “Agriculture”, together with the competent directorates in the Ministry of Agriculture, is to prepare guidelines for the provision of aid.
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