Farmers could receive HUF 18.6 bln compensation for damages

Crops

Some 8,700 farmers could receive around HUF 18.6 billion of compensation from the Hungarian State Treasury for various damages suffered during 2020, Agriculture Minister István Nagy said, according to a report by state news wire MTI.

In order to make a full payment to all producers, the government has provided HUF 3.1 bln in additional funds in the Compensation Fund, the minister said.

The treasury is expected to pay HUF 7.5 bln for damages caused by drought, more than HUF 7 bln for frost damages and nearly HUF 1.8 bln to compensate for rainstorm damages.

The total area covered by payments to farmers is 166,629 hectares, Nagy said.

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