Government to give farmers millions to compensate for bad harvest

The government decided at its session in Nové Sady (in the Nitra region) on Wednesday, August 22, to support Slovakia's agricultural sector by providing an additional €70 million to help farmers cope with the consequences of this year's poor harvest.

The government decided at its session in Nové Sady (in the Nitra region) on Wednesday, August 22, to support Slovakia's agricultural sector by providing an additional €70 million to help farmers cope with the consequences of this year's poor harvest.

The assistance should include, for example, direct payments equalling a total of €1.67 million, advantageous loans from the Environmental Fund worth a total of €30 million, state assistance for employing people who find it difficult to find a job reaching €660,000, and a state contribution for excise tax paid on fuel (€10 million).

The TASR newswire quoted the Agriculture Ministry's data as stating that the poor harvest, especially in the case of marketable agriculture commodities, will cause a shortfall in the earnings of farmers, which will make it difficult for them to finance further production. Problems are expected especially when it comes to livestock.

(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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