The Agrobank and the Compensation Fund can help the flooded farmers

The agriculture sector could be the biggest loser of this year’s flooding – said Font Sándor the chairman of the agriculture committee of the National Assembly in Duna TV’s morning show.

According to him; the insurance and financing system of the agricultural sector should also be transformed. Soon, the agrobank, backgrounded by the state can come. Until then, they will amend the Law on the Compensation Fund, in order to help the farmers.
Many large agriculture countries in the EU, such as France, Germany, and Italy operates a majority state-owned agrobank system for about ten years now.