The reference prices for the 2024 damage mitigation benefit have been published

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The application can be submitted multiple times within the submission deadline, but the State Treasury and the agricultural damage assessment body will consider the last application submitted by 24:00 on November 30, 2024. The attention of farmers is drawn to the fact that the submission deadline of November 30, 2024 is void.

In the application for the damage mitigation benefit, the current year and reference yield value of the plant culture can be established using the given reference prices

In the case of crops for which a price band is established in addition to the reference price, a price different from the reference price but falling within the price band and certified by an invoice or production contract can also be used to calculate the reference yield value. If the producer does not have his own yield data for one of the years of the reference period for a crop, then the published 2019-2023. annual average yield data can be used The 2019-2023. in addition to the average yield data for the year 2024, the average yield data for 2024 are also available, which must only be used in the application for the damage mitigation benefit if the producer does not have his own yield data for the current year because the crop harvest level does not yet exceed 50% -him. The published reference prices and average yield data for the reference period may be revised by the Ministry of Agriculture (e.g. based on the final KSH data). The reference data modified as part of the revision are only relevant from the point of view of the damage mitigation allowance for the current year, and they do not entitle the producer to subsequently amend his request for damage mitigation allowance from previous years.

The basis of the damage mitigation benefit is the difference between the current year’s return value and the reference return value, i.e. the decrease in return value

When determining the damage mitigation allowance, the amount of the cost savings due to the yield reduction must be deducted from the yield reduction of the damaged plant culture. 27/2014 on certain issues related to the payment of the damage mitigation contribution and the use of the damage mitigation benefit. (XI. 25.) Based on FM decree, the amount of specific cost savings (HUF/ha) is published by the ministry on its website – per crop. The cost savings amounts applicable from November 2024 can be viewed by clicking here.

The amount of the damage mitigation benefit can be up to 80 percent of the yield loss, if the injured farmer has adequate agricultural insurance

At the same time, the agricultural producer is entitled to half of the damage mitigation allowance otherwise due to him, if at least half of the farm-level reference yield value – for the given damage mitigation year – was not affected by drought, torrential rain, hail, agricultural flood, spring frost typical of the damaged crop before the occurrence of the damage event. , agricultural insurance covering fall frost, winter frost or storm damage. The State Treasury will decide on the application for damage mitigation benefits by the end of March 2025 at the latest, and will make the payments to the farmers who have suffered damage.

AM