Government Announces Additional Support for Farmers Skip to content

Government Announces Additional Support for Farmers

By Yelena

Photo: Golli. Hjörleifur Stefánsson, farmer in Kvíaholt, and his sheep.

Minister of Food Svandís Svavarsdóttir, Minister of Finance and Economy Þórdís Kolbrún Reykfjörð Gylfadóttir, and Minister of Infrastructure Sigurður Ingi Jóhannsson presented a list of suggested measures to the government this week to support farmers who face financial difficulties due to the current economic situation. The measures aim to promote recruitment and provide support for younger farmers, as well as more efficient systemic support for the agriculture industry as a whole, which faces increased capital costs and a long-term lack of profitability.

The government’s support initiative was spurred by a recent mass gathering of young Icelandic farmers who called on authorities to take action on the urgent problems facing the sector. The measures propose paying out a total of ISK 1.6 billion [$11.5 million, €10.7 million]. to 982 farmers by the end of 2023. The deputy chair of the Icelandic Farmers Association says it is a milestone for the government to recognise the problems facing farmers, but that an additional ISK 12 billion are needed.

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