Template-Type: ReDIF-Article 1.0 Author-Name: Tamás MIZIK Author-Workplace-Name: Institute for the Development of Enterprises, Corvinus University of Budapest, Hungary Author-Email: tamas.mizik@uni-corvinus.hu Author-Name: Anita KOLNHOFER-DERECSKEI Author-Workplace-Name: Institute of Enterprise Management, Óbuda University, Keleti Faculty of Business and Management, Hungary Author-Email: derecskei.anita@kgk.uni-obuda.hu Title: ARE WE READY FOR THE NEW CHALLENGES? THE CASE OF THE HUNGARIAN AGRICULTURE Abstract: Agriculture still plays an important role in Hungary. During the former regime, the sector was forced to change to a socialist type of agriculture. After the transition, it resulted in a dual production system: a small number of large, professional farms are on the one side and a large number of small individual producers are on the other side. The continuously changing world requires flexibility from the agricultural sector as well. Most notably producers need to face economic and environmental challenges. Taking into account the great dependency on the agricultural supports of the Common Agricultural Policy, agricultural producers need to be aware of any information regarding its changes. It is mostly a profitability issue for industrial farms, but a survival one for small producers. Classification-JEL: L11, Q15, Q18 Keywords: agricultural production, farm structure, CAP. Pages: 113-123 Volume: 17 Issue: 1 Year: 2020 Month: File-URL: http://www.eadr.ro/RePEc/iag/iag_pdf/AERD2001_113-123.pdf Handle: Repec:iag:reviea:v:17:y:2020:i:1:p:113-123