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Farm Incomes

Volume 888: debated on Thursday 13 March 1975

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26.

asked the Minister of Agriculture, Fisheries and Food what were the amount and the proportion by which farm incomes increased in 1974; and what increase he expects in the current year.

The industry's aggregate net income for 1974–75 is expected to be about £150 million, 12 per cent., below the 1973–74 level. When adjusted to normal weather conditions the fall is 3 per cent. It is difficult to predict income for 1975–76. Much depends on future feed cost movements and weather, but the determinations my right hon. Friend announced on 17th February—[Vol. 886, c. 917]—will be of major benefit.