The sanction policy imposed by Brussels must be changed to curb the rise in food prices and increase food security, energy prices must be reduced in the short term and measures must be taken to finance agricultural enterprises, the Ministry of Agriculture’s Deputy Secretary of State for International Relations said at a ministerial meeting of the OECD Committee on Agriculture on Thursday.
At the meeting, Oszkár Ökrös stressed that the joint implementation of measures to increase agricultural productivity and climate protection is a major challenge, which can only be solved by adapting production and choosing varieties and technologies that are better adapted to climatic conditions. This requires close social cooperation with farmers and consumers.
He also spoke about the measures Hungary has taken so far to support the agricultural sector. For example,
the government is paying higher advances on EU direct aid and making working capital loans available to agricultural businesses at very preferential interest rates.
In addition, the government is introducing a credit moratorium on working capital and investment loans for agricultural enterprises for the period September 2022 to December 2023, and energy cost subsidies for manufacturing enterprises for the period October to December 2022.
As Hungary Today reported earlier, Hungarian agriculture is also feeling the effects of the drastic increase in energy prices. The executive director of the Association of Hungarian Livestock Breeders recently warned that livestock farmers in Hungary are facing a dark year because the drastically increased energy prices are putting a heavy burden on their farms. Only those who have already modernized their stables are safe, but there are few of them.
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