Israel's farmers are struggling to make ends meet in the face of myriad headwinds, including declining exports, rising prices, a weak euro and intense competition. The government has been forced to cut subsidies for food imports by about 30 percent since last year, while it is also trying to boost domestic production through measures such as increasing crop insurance premiums, which have Industry insiders said a ray of hope for the sector lies in making deals with Saudi Arabia, Jordan and Egypt.
Israel's farmers are struggling to make ends meet in the face of myriad headwinds, including declining exports, rising prices, a weak euro and intense competition. The gloomy situation has not been improved by agtech innovations, which skilled Israeli farmers have successfully deployed in China, Vietnam and France. Industry insiders said a ray of hope for the sector lies in making deals with Saudi Arabia, Jordan and Egypt.