THE ECONOMIC IMPACTS OF CLIMATE CHANGE ON THE AGRICULTURAL AND FOOD INDUSTRY ENTERPRISES IN HUNGARY

BOZÓKI BOGLÁRKA – PÉNTEK MARIANNA – PRIHODA EMESE – VÉRTESY LÁSZLÓ – SZENTE VIKTÓRIA

Keywords: Keywords: competitiveness, risk management, agricultural enterprises, climate policy, sustainable strategies JEL codes: Q14, Q50

Teljes cikk
Our research highlights that decision-makers in Hungary's agricultural and food industry enterprises are generally aware of the challenges and risks posed by climate change. However, significant shortcomings remain in the degree of adaptation and its implementation. While climate-conscious thinking demonstrates progress, the preparedness and responsiveness of economic actors often fail to keep pace with the rapid impacts of climate change. The data reveals that a substantial portion of Hungarian companies struggle to manage unexpected obstacles, partly due to a lack of information necessary for adaptation. The adoption of digital solutions, circular and green technologies is still in its low rate, despite their potential to enhance productivity and resilience. Among smaller farmers and individual entrepreneurs, willingness to act remains notably low, primarily due to limited resources and deficient policy support. Nevertheless, positive trends are emerging, including an openness to alternative energy sources and an interest in exploring new markets. However, cooperative willingness, especially regarding shared resource usage, remains inadequate. Agricultural and food industry enterprises that fail to prepare for the challenges of climate change risk facing significant competitive disadvantages, particularly in international markets. Based on our recommendations, it is crucial to expand governmental and EU support programs that promote climate-conscious farming. These could include investments supporting sustainable tillage practices, drought-resistant crop varieties, and precision technologies. Additionally, improving access to communal tools and financial opportunities could further strengthen adaptive capacity. Repeating this research over the long term, complemented by qualitative analyses, could refine sectoral strategies and advance awareness of climate change-related issues. Striking a balance between sustainability efforts and improving competitiveness remains a critical task for all stakeholders in the agricultural sector. DOI: https://doi.org/10.53079/GAZDALKODAS.69.4.t.pp_319-337