ADVERTISEMENT

Farmers to receive €1,320 a hectare for GM taint

Deals

Hungarian farmers will receive HUF 360,000 (€1,320) in compensation for each hectare of maize ploughed under due to contamination from genetically modified (GM) seeds, the state secretary in charge of government communications said on Wednesday.

Zoltán Kovács said that the government had allocated a total of HUF 4 billion (€14.7 million) for the purpose. He added that the per-hectare amount had been calculated on the basis of production averages and prices during the past few years. Farmers have until September 30 to submit their claims, and will receive payments in December, the state secretary added.

By mid-July some 950 hectares of GM maize had been destroyed and a further 2,500 hectares affected by contaminated seeds were under inspection by the authorities. Determined to preserve Hungary's GM-free status, the government introduced fines ranging from HUF 50,000 to HUF 2 million (€180-7,450) for using or distributing GM seeds.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.