Damage mitigation benefits for damaged farmers are arriving

By: STA Date: 2024. 03. 28. 09:30

After last year’s damage events, around 1,680 agricultural producers will receive HUF 2.85 billion in agricultural damage mitigation benefits until the end of March, the size of the total area affected by the payment exceeds 20,400 hectares. In the agricultural risk management system consciously developed in the last decade, the payment of damage mitigation benefits significantly helps agricultural producers to carry out spring work and maintain production.

(Photo: Pixabay)

In the year 2023, spring frost damage and drought damage caused the most significant damage. Out of the total damage mitigation allowance, more than 863 million forints were allocated for spring frost damage, approximately 796 million forints for drought damage, almost 480 million forints for hail damage, approximately 330 million forints for storm damage, approximately 247 million forints for storm damage, approximately 97.5 million forints for inland water damage, 24.2 million for autumn frost damage million HUF, and the Hungarian Treasury will pay HUF 13.2 million for winter frost damage. When determining the entitlement to the damage mitigation benefit and the amount of the damage mitigation benefit, the MÁK took as a basis the damage events that occurred during the damage mitigation period from November 1, 2022 to October 31, 2023, and were certified by government agencies. This form of benefit goes to those who have paid the damage mitigation contribution, and the condition of the full damage mitigation benefit is the existence of market insurance.

The priority goal of the Ministry of Agriculture is to help the profitability of the activities of agricultural producers

The agricultural risk management system, which has been continuously developing since 2012, contributes to this income security and predictability, the first and most important pillar of which is the agricultural damage mitigation system. Two other risk management tools are the agricultural insurance premium subsidy and the agricultural crisis insurance, which also work in terms of farmer self-care. The agricultural damage mitigation system will also be able to use the funds available from the Hungarian CAP Strategic Plan from 2024 to 2027 to manage extraordinary, large amounts of damage at an adequate level.