SFA rolls out one-off grant for local farms facing higher costs

Support covers eligible vegetable, egg, and seafood production.

The Singapore Food Agency (SFA) will introduce a one-off Farm Business Resilience Support grant provided under the capability upgrading component of the Agri-Food Cluster Transformation Fund.

The agency said it will be separate from the one-off cash grant for small and medium-sized enterprises announced by the Ministry of Finance on 29 July, which eligible farms may also receive.

Local farms must hold a valid farm license as of 1 August and have contributed to domestic fibre or protein production to qualify. The amount will vary according to the type and volume of their production.

Eligible fibre production includes leafy vegetables, fruited vegetables, mushrooms, and bean sprouts, whilst protein production covers hen-shell eggs and seafood.

The initiative comes as the industry faces higher input prices linked to disruptions in global commodity markets, increased energy costs, and more volatile logistics and freight expenses amidst the conflict in the Middle East.

“These pressures come on top of existing challenges, such as manpower costs and the investments needed to adopt more productive farming technologies,” SFA said.

The agency’s account managers will contact eligible farms with further information in August, it added.

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