• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Romanian heatwave triggers severe drought, wipes out 90% of sunflower, corn yields

by August 14, 2024
written by August 14, 2024

Romania is currently grappling with the aftermath of one of its most severe heatwaves, which has significantly impacted the country’s agricultural sector.

The extreme heat, which saw temperatures soar above 40°C in July, has caused widespread devastation, particularly among sunflower and corn farmers. In some areas, these farmers are reporting crop losses of up to 90%.

Heatwave causes significant crop damage in southern Romania

The heatwave that began in July has continued into August, wreaking havoc on Romania’s agricultural regions, particularly in the southern part of the country.

Farmers in Oltenia, a key agricultural area, have been among the hardest hit.

In Dolj County, for example, the lack of rain and scorching temperatures have forced farmers to begin harvesting sunflowers three weeks earlier than usual, as the plants have begun to dry out in the fields.

One local farmer, Dumitru Bita from the village of Castranova, highlighted the extent of the damage. He noted that in previous years, his sunflower yield averaged between 2,500 and 3,000 kilograms per hectare.

This year, however, he is struggling to reach 1,000 kilograms per hectare. This situation is not unique to Bita, as many farmers across the region are reporting similar losses.

Severe drought exacerbates the crisis

The heatwave has also led to a severe and ongoing drought, further compounding the difficulties faced by Romanian farmers.

The National Meteorological Administration has warned that the drought is expected to persist, with no significant rainfall on the horizon. In Dolj County, approximately 65% of all sunflower crops have been affected, with many fields now entirely barren.

The drought’s impact is not limited to crops alone. In Galati County, located in the southeastern part of the country, the Talabasca Lake is almost entirely dry after three months without rain. This environmental degradation is a stark reminder of the broader challenges posed by climate change, which is increasingly affecting Romania’s agricultural productivity.

Government response and compensation

In response to the widespread agricultural damage, the Romanian government has announced several measures to support affected farmers.

Agriculture Minister Florin Barbu has confirmed that farmers will receive compensation ranging from €200 to €250 per hectare of damaged crops.

The total estimated funds for this drought compensation programme are expected to be between €500 million and €600 million.

The government is also seeking additional financial assistance from the European Commission to further bolster support for the struggling agricultural sector. This aid is crucial, as many farmers are facing significant financial strain due to the loss of their crops.

In addition to direct compensation, the government is exploring other measures, such as delaying loan repayments for agricultural companies, to help alleviate the economic impact of the drought.

The need for long-term solutions

While the immediate government response provides some relief, the ongoing heatwave and drought highlight the need for longer-term solutions to address climate change’s impact on agriculture.

Romanian farmers are increasingly vulnerable to extreme weather events, and without significant investment in sustainable farming practices and infrastructure, the country’s agricultural sector may continue to face severe challenges.

As the situation unfolds, it is clear that Romania’s agricultural sector is at a critical juncture. The heatwave has not only devastated crops but also underscored the urgent need for a comprehensive strategy to mitigate the effects of climate change.

Whether through improved water management, the adoption of drought-resistant crops, or other innovations, Romania must adapt to the new realities of a changing climate to ensure the future of its agricultural industry.

The post Romanian heatwave triggers severe drought, wipes out 90% of sunflower, corn yields appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Kamala Harris presidency would undermine US in this key region
next post
Intel offloads stake in UK chip designer Arm amid restructuring push

related articles

Citrini’s ‘thought exercise’ on AI sparks selloff in...

February 23, 2026

How three Chinese AI firms ran industrial-scale free...

February 23, 2026

PayPal attracts unsolicited takeover interest: who might be...

February 23, 2026

Why is Palantir stock down 37% from its...

February 23, 2026

SoFi stock price has imploded: will it rebound?

February 23, 2026

Lucid stock falling wedge pattern points to a...

February 23, 2026

Zoom Video stock: Wyckoff Theory points to a...

February 23, 2026

Why analysts see Alphabet stock surging over 20%

February 23, 2026

CrowdStrike stock: 3 simple reasons why AI can’t...

February 23, 2026

Vanda stock’s explosive rally may be more hype...

February 23, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump: China calling ‘a lot’ since last week’s tariff increase, deal could happen as soon as 3 weeks

    April 18, 2025
  • Former Supreme Court Justice David Souter dead at 85

    May 9, 2025
  • House GOP elections chair makes explosive prediction despite Dems’ heavier cashflow

    February 21, 2025
  • Conservative backlash erupts after Trump’s Graham endorsement: ‘I am not with Trump at all with this one’

    March 31, 2025
  • Biden warns of ‘ultra-wealthy’ ‘oligarchy’ despite accepting donations from Dem mega-donors

    January 16, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,077)
  • Investing (1,049)
  • Stock (979)

Latest Posts

  • How three Chinese AI firms ran industrial-scale free ride on Claude

    February 23, 2026
  • Gov. Gavin Newsom says he will provide residents rebates if Trump removes EV tax credit

    November 25, 2024
  • Southern California Edison acknowledges videos suggest link between equipment and Eaton fire

    February 7, 2025

Recent Posts

  • Trump answers question on whether he’ll try to run again

    August 5, 2025
  • Judge blocks Albertsons-Kroger $25 billion supermarket merger

    December 11, 2024
  • Trump, Netanyahu to meet at White House as Israel seeks tariff relief, discussions on Iran, Gaza hostages

    April 7, 2025

Editor’s Pick

  • Trump tells world leader election gives him a ‘very big mandate’

    November 12, 2024
  • The dollar index is trying to maintain above 104.20 level

    July 24, 2024
  • GoPro stock price is a bargain for the right buyer

    August 14, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock