Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > ‘I want to breed horses, not camels’: Hungarian farmers battle ‘historic’ drought
    Top Stories

    ‘I want to breed horses, not camels’: Hungarian farmers battle ‘historic’ drought

    Published by Jessica Weisman-Pitts

    Posted on July 28, 2022

    4 min read

    Last updated: February 5, 2026

    This image shows Andras Eordogh observing his foals on his farm in Hungary, highlighting the impact of severe drought on horse breeding. The article discusses the struggles of local farmers amid changing climate conditions.
    Hungarian farmer Andras Eordogh with foals on his drought-affected farm - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Climate Changeagricultural sectorssustainabilityfinancial communityInvestment opportunities

    By Anita Komuves

    JASZSZENTLASZLO, Hungary (Reuters) – Andras Eordogh admiringly watches his dozen foals as they frolic and kick up dust on his farm in the scorching summer heat and laments that he will have to sell most of them because of the changing climate in this rural southeast corner of Hungary.

    The gently-spoken, 66-year-old horse breeder, who enjoys teaching local children to ride his foals, said a severe drought means he can no longer harvest enough fodder to feed the horses.

    “I really wanted to keep them… but I have been farming here for nearly three decades and I cannot remember such a severe drought,” said Eordogh, who owns 150 hectares where he breeds horses and cattle and grows grains and vegetables.

    The region known as Homokhatsag (Sand Ridge), located between Hungary’s two main rivers, the Danube and Tisza, is a key agricultural area, growing corn, grain and sunflowers, and usually receives 550-600 millimetres of rain annually.

    However, data from the Hungarian Meteorological Service shows it received just 120-150 millimetres in the first half of 2022.

    “Many people simply give up breeding animals. They will slowly lose their livelihood,” said Ferenc Szepe, 68, another local farmer, as he grimly examined the hand-written log of monthly rainfall that he has kept for years.

    “I want to breed horses, not camels,” he added.

    RUNNING DRY

    Farmers across Hungary have reported “historic” drought damage affecting some 550,000 hectares of land, the ministry of agriculture said this month.

    Climate change is expected to affect most of Hungary’s farmland but the Homokhatsag region is especially vulnerable, said Karoly Barta, a researcher at the University of Szeged.

    “The Homokhatsag… sits higher than the two rivers surrounding it and its sandy soil dries out fast,” he said.

    A lake in the middle of one village, Jaszszentlaszlo, where many locals learned to swim as children, dried up years ago.

    The mayors of Jaszszentlaszlo and two neighbouring villages and local farmers including Szepe banded together five years ago to block hundreds of kilometres of channels crisscrossing their land in order to retain rainwater. The channels were built in communist times to drain the area and increase the arable land.

    The farmers said they could live with the increased risk this plan brought of occasional flooding of their land.

    The plan violated an old law that says the channels must be kept open to drain excess rainwater and channel it to the Danube and the Tisza, but the farmers said they had the tacit approval of the authorities.

    “They see that the situation is dire… and they tolerate the rule-breaking because they see our results,” said Csaba Toldi, the leader of the group.

    But this year’s drought has finally scuppered the project.

    Winter and spring rains mostly failed, leaving water only in the one channel at Jaszszentlaszlo, but that too had run dry by May.

    “The last year when the channels were full of water was 2019… This is the third year of the drought, and it tops everything,” Toldi said.

    ‘HOPING FOR RAIN’

    Istvan Lang, the director of the General Directorate of Water Management, said in March the government would spend 200 billion forints ($511 million) over the next eight years on saving the Homokhatsag region from drying up and that about 10% of the work had been done already.

    Local farmers said they had not been notified of these plans and had only heard of them from the media.

    Gergely Lajko, a 27-year old farmer, said he would rather find solutions than complain. “But we are just hoping for rain now, there is not much else we can do.”

    Lajko returned home to Jaszszentlaszlo with his wife three years ago and bought a farm and three horses.

    They planned to expand the farm into a small business breeding sheep, pigs and chickens this year, but the drought could put some of those plans on hold.

    “Maybe we should find out what thrives in the desert. Arab horse breeds? Kiwi fruit? Camels?” Lajko chuckled. “These are our bitter jokes these days.”

    (Reporting by Anita Komuves, Editing by Krisztina Than and Gareth Jones)

    Frequently Asked Questions about ‘I want to breed horses, not camels’: Hungarian farmers battle ‘historic’ drought

    1What is climate change?

    Climate change refers to significant changes in global temperatures and weather patterns over time. It is primarily driven by human activities, particularly the burning of fossil fuels, which increases greenhouse gas concentrations in the atmosphere.

    2What are agricultural sectors?

    Agricultural sectors encompass the various industries involved in the production, processing, and distribution of food, fiber, and other goods derived from plants and animals. This includes farming, livestock, and related services.

    3What is sustainability?

    Sustainability is the practice of meeting current needs without compromising the ability of future generations to meet their own needs. It often involves balancing economic growth, environmental protection, and social equity.

    4What are investment opportunities?

    Investment opportunities refer to various avenues through which individuals or organizations can invest their money with the expectation of generating a return. This includes stocks, bonds, real estate, and agricultural investments.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostAnglo American cuts dividend as inflation, extreme weather erode earnings
    Next Top Stories PostShares take a breather after Fed rally, dollar slides on yen