AM: one can join to the new risk management system from 1 February

By: Trademagazin editor Date: 2021. 01. 12. 11:30

Building on the legal bases adopted by the Parliament in 2020, the Ministry of Agriculture (AM) introduces a new risk management tool for farmers exposed to economic and market risks in addition to weather damage events, also known as the agricultural crisis insurance system, with the assistance of the Hungarian State Treasury – the ministry told MTI on Tuesday.

According to their communication, the new instrument, which combines elements of insurance and support, can help farmers to alleviate the loss of income due to risks such as animal and plant diseases, falling market prices, loss of significant sales opportunities and changes in foreign exchange rates. or just an increase in production costs. (MTI)