Hungarian agriculture minister worried due to “dumping of Ukrainian imports”

Farm subsidies will be ensured in 2024, the minister of agriculture said on Tuesday, pledging 650 billion forints (EUR 1.7bn) of central budget funding to complement European Union rural development monies.

Speaking at his year-opening press conference, István Nagy said EU sanctions against Russia and “the dumping of Ukrainian imports on the EU” were challenging, but the achievements of recent years underpinned the expectation that Hungarian agriculture would continue to thrive.

The minister said agricultural subsidies awarded to Hungarian producers hit a record high in 2023, exceeding a total 1,300 billion forints, and thanks to central budget co-financing, the government had managed to hand over subsidies in 2024 that were generous “even by European standards”.

The Hungarian government is planning to retain its ban on Ukrainian imports in 2024, and “relies on support from other EU members”, the minister said. Ukraine’s possible accession to the EU would seriously impact European producers since “they could not compete with Ukraine’s farms of hundreds of thousands of hectares”, he added.

1,500 billion forints for economic developments

The minister said ensuring subsidies and subsidised loans to farmers would continue to be a government priority. “While in other states of Europe producers are faced with cuts, in Hungary both large and small farms are offered opportunities to become more efficient,” he said. Hungary’s agricultural tenders “are transparent and predictable”, he added.