16 February 2019 | Online since 2003

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16 January 2019 | Iceland

Iceland’s sheep farmers to get 5.2bn ISK from government

Sheep farmers in Iceland can expect subsidies this year, which in total will amount to over five billion krónur, but not without conditions, RÚV reports. At stake is striking a balance between not overproducing and thereby devaluing sheep on the market and limiting the number of sheep farms which may have to shut down.
There are 2,280 sheep farms in Iceland, or one farm for just less than every 150 people in the country, and data from last year puts the number of sheep in the country at 475,893, exceeding the population of people in Iceland by about 130,000.

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