To ensure funds are used effectively, the grant is allocated only after considering the farms’ financial statements, key personnel involved in farming, relevant track record, the merits and reasonableness of the project proposal, projected costs and whether the outcome supports Singapore’s food security. SFA requires funding recipients to meet key performance indicators (KPIs) in areas, such as production output, energy and manpower savings. Farms are also required to submit half-yearly progress reports to document progress in the project. The funds are disbursed through reimbursement and in tranches, ensuring that project milestones are achieved before additional funds are released.
Third, we are also working to increase demand for local produce. The price of food reflects a combination of factors. Aside from costs of production, higher prices may also reflect better quality and value, such as freshness or being pesticide-free, which are value-added attributes that consumers might be willing to pay for.
SFA is supporting the industry through the Singapore Agro-Food Enterprises Federation Limited (SAFEF), which has spearheaded the formation of an industry level supply and demand aggregator that partners farmers, traders and food processing companies to better match demand and supply. Through the efforts of SAFEF and its partners, locally grown vegetables and fish are now sold at Fairprice supermarkets under a six-month trial under the brand names “The Straits Fish” and “The SG Farmers’ Market”. I am heartened to hear that consumer response to the products has been positive.
Consumers can play a part in ensuring our national food resiliency by choosing to purchase local produce that are labelled with the red SG Fresh Produce logo, or dining at food businesses under the Farm-to-Table Recognition Programme which recognises food businesses that feature local produce on their menus. Together, we can continue to safeguard Singapore’s food security.
The “30 by 30” vision has always been an aspiration, which seeks to rally our efforts around the important task of enhancing Singapore’s food security. We have achieved some results in a few areas. For example, our local egg production now contributes more than 30% of local consumption from 26% in 2019. Local beansprout production has also come in at more than 50% of consumption. We have also seen both new and existing farms harnessing technology and innovation to scale up production and operate productive, viable models. Some have expanded their operations to higher-value products that better cater to consumers’ evolving demands. SFA will continue to anchor more of such farms and help them scale up over time.
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