Iceland Plans Measures to Boost Competitiveness of Sheep, Cattle Farmers

Iceland plans to allocate $7.5 million to support the competitiveness of Icelandic sheep and cattle farmers and help mitigate the impacts of the COVID-19 pandemic, the U.S. Department of Agriculture Foreign Agricultural Service said April 27. Along with the funding, Iceland will revise its tariff quotas and review its customs agreement with the European Union to support its sheep and cattle industry. USDA said Iceland's financial support for its farmers “remains among the highest in the world.”