Iceland: Government Provides Support to Farmers to Combat Coronavirus and Increase Competitiveness

In March 2021, Iceland’s Minister of Fisheries and Agriculture announced his intention to allocate ISK 970 million ($7.5 million) in financial support for Icelandic sheep and cattle farmers. Coronavirus-related social and travel restrictions have hit Iceland’s sheep and cattle farmers hard, leading to declines in both demand and prices for their products. The measure is part of a 12-point action plan to help Icelandic farmers address the impact the coronavirus pandemic has had on Icelandic agriculture.