Subsidy for insured farmers in agriculture to increase by MDL 100,000 in Moldova

Chisinau, 24 September /MOLDPRES/ – The Government has approved today a series of changes regarding the allocation of funds from the National fund for the development of agriculture and the rural environment (FNDAMR). The document provides for the annual allocation of at least 5 per cent of the total amount of the Fund to finance small start-up projects initiated by young farmers and women, the government's communication and protocol department has reported.  

According to the new regulations, the subsidy for insured farmers in agriculture increases from MDL 300 to 400 thousand, which is a unique ceiling for all farmers.

It will also increase the amount of financial support for the transition to organic farming – from MDL 1500 to 3000 for the first year of conversion and from 2000 to 3500 for the second year. For the first time, beekeepers will be paid MDL 300 per bee family during the transition to organic production.

Also, there will benefit the agricultural producers that will obtain international certification of quality and food safety, in addition to the subsidy, of 50 per cent of the cost of certificate, which would amount to maximum MDL 15 thousand. Another amendment provides for an increase in the amount of subsidies from 40 per cent to 50 per cent of the eligible investment cost for livestock farms for meat breeding.

At the same time, the amount of the subsidy granted to a farmer for three years will not exceed MDL 9 million, including a one-year break after three consecutive subsidy years. And farmers who practice conservative agriculture to receive financial support from the state will assume their commitment to continue their business for at least 5 years.

Starting next year, the farmers will be able to submit their online grant applications.