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.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
