The Support and Guarantee Agricultural and Forestry Fund (PGRLF) in collaboration with the Czech Ministry of Agriculture, has set the amount of aid provided to growers under the financial support and insurance programme.

The basic interest rate on loans for the purchase of agricultural machinery has been set at 2.5%; growers will also recover 50% of the paid insurance for special crops, such as fruits and vegetables, as well as livestock. For insurance in other crops, such as corn, they will get 18% back. These rates apply to applications for aid submitted in 2014.

For the aid in the purchase of agricultural machinery, the PGRLF has allocated more than 400 million crowns (14.4 million Euro). The Fund expects to receive approximately 3,200 applications for support on loans for the purchase of tractors, harvesters and other pieces of agricultural machinery.

Last year, the entity received a total of 3,140 applications for credit support, to which it allocated a total of 407 million crowns (14.7 million Euro).

Source - http://www.freshplaza.com/