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Farm Incomes

Volume 901: debated on Thursday 20 March 1975

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asked the Minister of Agriculture, Fisheries and Food by what percentage farm incomes declined between 1973–74 and 1974–75 in personal spendable income terms; and what this drop in farm income represents in percentage terms when the inflation of 1974 is also considered.

Spendable farm income, defined as actual income less any price increases in stock appreciation, is forecast to fall by 17 per cent. between 1973–74 and 1974–75. In real terms the decline is 30 per cent.