Belgium and Germany to store Hungarian crops

Hungarian Development Bank (MFB) has earmarked Ft 40 billion to finance the construction of crop storage silos and to create Euro-conform animal farms. The problem of crop storage came to existence when farmers produced a record amount, 16-17 million tons of crop this year. Germany and Belgium have already expressed a preliminary intention to store 500 and 300 million tons of Hungarian crops respectively. The Ministry of Agriculture has developed a new agro-credit program to subsidize the construction of at least 10 000 ton-capacity silos located preferably on major export routes or other transportation lines. (Vg 6) E.C.