Singapore farmers can tap on S$63m fund to boost yields, productivity [News]
By TODAY, 25 Aug 2014
Local farmers can look forward to more financial assistance to transform their farms and nurseries into high-tech, productive plots, after the Government pledged S$63 million to aid their efforts. Dr Mohamad Maliki Osman, Minister of State for National Development and Defence, announced the new policy during a visit to Sky Greens farm.
The new Agriculture Productivity Fund (APF) is meant to spur farmers to boost their yields and raise productivity, said the Ministry of National Development (MND) in a news release today (Aug 25).
Of the S$63 million, S$53 million will be used for farm capability development to support productivity improvements in the farming sector.
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