asked the Minister of Agriculture, Fisheries and Food if he will give details of the latest estimates he has made of the cost in 1973–74 of expenditure under the Common Market organisations of the EEC, together with comparable figures for the preceding year.
Following are the details of the latest estimates for the financial year 1973–74, together with comparable figures for the outturn in the financial year 1972–73.
| EXPENDITURE UNDER COMMON MARKET ORGANISATIONS OF THE EEC | ||
| Latest estimate of outturn 1973–74 | Actual outturn 1972–73 | |
| £ million | ||
| Cereals | 20·6 | 0·2 |
| Milk and milk products | 47·5 | 0·1 |
| Pigmeat | 16·4 | — |
| Sugar | 3·1 | — |
| Processed products | 8·9 | — |
| Other | 5·6 | — |
| 102·1 | 0·3 | |
Note: Of the estimated outturn for 1973–74. £19·3 million on milk products and £0·3 million on cereals is financed from Exchequer funds, the balance being financed from the European Agricultural Guidance and Guarantee Fund. The expenditure is made up of several elements: mainly, the net cost of commodities bought into intervention and subsequently sold: the gross
Latest estimate of outturn 1973–74
| Actual outturn 1972–73
| |||
| I. PRICE GUARANTEES—PRODUCTS COVERED BY CAP | £ million | |||
| Wheat | … | … | — | 12·3 |
| Barley | … | … | 6·1 | 16·2 |
| Oats and Corn | … | … | 2·9 | 5·2 |
| Milk* | … | … | 66·2 | 30·8 |
| Cattle | … | … | — | 1·0 |
| Pigs | … | … | — | 2·7 |
| Eggs | … | … | 5·0 | 3·4 |
| Total I. | … | … | 80·2 | 71·6 |
| II. PRICE GUARANTEES—PRODUCTS NOT COVERED BY CAP | ||||
| Potatoes | … | … | 1·1 | 11·4 |
| Sheep | … | … | — | 1·9 |
| Wool | … | … | (—5·51 | 1·5 |
| Total II. | … | … | (—4·4) | 14·8 |
| III. OTHER GRANTS AND SUBSIDIES | ||||
| Calves | … | … | 31·8 | 31·9 |
| Beef cows | … | … | 8·8 | 7·1 |
| Hill cows | … | … | 16·8 | 15·5 |
| Hill sheep | … | … | 10·9 | 9·1 |
| Winter keep | … | … | 7·1 | 6·3 |
| Dairy Herd Conversion Scheme† | … | … | 1·3 | — |
| Brucellosis eradication incentives | … | … | 2·7 | 3·0 |
| Fertilisers | … | … | 13·2 | 27·5 |
| Lime | … | … | 5·0 | 5·0 |
| Farm Capital Grant Scheme | … | … | 74·5 | 49·9 |
| Grants absorbed by Farm Capital Grant Scheme | … | … | 8·6 | 15·0 |
| Grants for horticulture | … | … | 10·3 | 6·6 |
| Farm structure | … | … | 2·7 | 0·9 |
| Agricultural training | … | … | 1·9 | 2·0 |
| Other | … | … | 3·6 | 5·5 |
| TOTAL III | … | … | 199·2 | 185·3 |
| TOTAL . | … | … | 275·0 | 271·7 |
Notes:
| ||||
* The cost of implementing the milk guarantee to producer reflects the Government's policy of holding the retail price of milk at the 1971 level for the present. | ||||
| †The Dairy Herd Conversion Scheme was introduced in accordance with S.1 1973/1642 to implement an E.E.C. regulation | ||||
cost of incentives for private storage or denaturing: consumer subsidies on butter; export refunds on third country trade; and import and export refunds (net of levies) in respect of intra-Community trade (monetary compensatory amounts).