Singapore farms can tap one-off SFA grant of up to S$8,000 to cope with rising costs

Singapore farms can tap one-off SFA grant of up to S,000 to cope with rising costs


SINGAPORE: Local farms will receive a one-off grant to help them cope with higher operating costs and sustain production amid continued global uncertainties, the Singapore Food Agency (SFA) said on Friday (Jul 31).

This is on top of the one-off cash grant to small- and medium-sized enterprises (SMEs) announced by the Ministry of Finance on Wednesday, which farms are also eligible for.

The amount of support under the new Farm Business Resilience Support grant will differ by farms depending on what they produce and how much they produce, said SFA.

On average, farms can expect to receive a one-off support of S$4,000 (US$3,117) to S$8,000 in total.

The support quantum was based on its assessment of the cost pressures facing the local agri-food sector and is intended to help farms strengthen their business and operational resilience, the agency told CNA.




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