Simon: Higher prices are compensating for some flood damage to farms

Slovakia's agriculture will suffer losses in 2010, but their financial results shouldn't be worse than in 2009, Agriculture Minister Zsolt Simon (Most-Híd) has observed.

Slovakia's agriculture will suffer losses in 2010, but their financial results shouldn't be worse than in 2009, Agriculture Minister Zsolt Simon (Most-Híd) has observed.

"I think agriculture will be a loss-maker this year, but I hope that it won't be as bad as last year," Simon told the TASR newswire, adding that the poor output has resulted in higher prices, up by as much as 40-50 percent, and that this is a market-driven phenomenon. Simon further noted that mainly farmers hit by floods earlier this year will be in the red. "However, the system of aid has been set to help mainly those who have suffered the most considerable damage, and not those whose crop damage reached only some 30 percent, as they are being compensated by a 30-percent increase in prices," said Simon on October 30.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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