The news that Iceland is to hold a referendum on joining the EU in August reminds us that, apart from fisheries, agriculture is likely to be one of the most difficult topics in any negotiations. Iceland has a producer subsidy equivalent three times the OECD average and farmers on average receive nearly half their income from the state.
It is a small and shrinking sector, but is cherished and has some interesting innovations such as using geothermal power to grow tomatoes. Cucumbers and herbs are also produced in this way all year round.
The sheep sector is unsurprisingly the largest and there is some dairy production.
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