A total of €30 million will be allocated from the state budget to compensate for damage caused by drought in 2026, according to a proposal by the Agriculture and Rural Development Ministry, which was approved by the government at its away-from-home session in Nitra on Wednesday.
"The aim of the document is to provide immediate financial assistance to farmers who suffered significant losses due to drought, and to create a financial framework for compensating them in line with applicable state aid rules," explained the ministry, stating that the funds should be allocated to the Agriculture Ministry's budgetary envelope.
In its explanatory report, the ministry added that the positive economic and social effects of this measure include mitigating losses incurred by agricultural businesses, protecting their liquidity and production capacity, stabilising livestock and crop production, and reducing the risk of secondary impacts on the food supply chain.
Source: TASR
