News

Has the EU membership of the past two decades been worth it for Hungarian agriculture?

Hungary
Regulation & Compliances
Published Apr 20, 2024

Tridge summary

István Kapronczai, a university professor and agricultural expert, highlights the benefits and challenges of Hungary's agriculture sector 20 years after joining the European Union. While agricultural output has increased by 1.5 times, it still falls below the EU average and significantly behind Central and Northern European countries. Despite receiving substantial EU and national support, Hungary faces challenges in adapting to climate change, improving irrigation, and diversifying agriculture. The article also discusses the economic impact of drought, costing HUF 1,000 billion, and suggests investing in green field irrigation and improving the food industry by learning from Poland's success with foreign capital investment and its role as a distribution center.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hungary joined the European Union exactly 20 years ago, on May 1, 2004. Did this turn out to be a smart move from the point of view of agriculture? The answer is a resounding yes, according to István Kapronczai - the university professor and OTP Bank's agricultural expert talked about all of this in the podcast of the Hungarian Economic Society. He believes that not only more support can be classified as positive, but also that the Hungarian farming society has mastered a much more Western, much more rule-following culture. However, the overall picture is mixed. The output of our agriculture has increased by 1.5 times since accession, which is somewhat lower than the average growth of the EU 27. However, it is even held back by the weak performance of the southern member states, so if we compare the performance of Hungarian agriculture with the Central and Northern European countries in the same situation as us, then our lag is more significant. It is a warning sign that we are ...
Source: AgroForum
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