The Faroese Literature Prize, also known as the Mentanarvirðisløn M. A. Jacobsens (M. A. Jacobsen's Cultural Award), is a prize for Faroese literature that was begun by the Tórshavnar kommuna (Tórshavn City Council) in 1958.
Its winners include Heðin Brú, Jákup Pauli Gregoriussen, Jóanes Nielsen and Kristian Blak.
M. A. Jacobsen was a Faroese politician and librarian who headed the National Library of the Faroe Islands, then called Færø Amts Bibliotek in Danish but later renamed Landsbókasavnið, in Faroese.
M. A. Jacobsen was the mayor of Tórshavn and a member of the Løgting (the Faroese parliament).
In addition the Heiðursgáva landsins (The Faroese Cultural Department's Award of Honour) as of 2012[update] is worth 75,000 DKK.