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Farm Incomes

Volume 918: debated on Thursday 4 November 1976

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asked the Minister of Agriculture, Fisheries and Food what have been the increases in overall farm incomes between 1973 and 1976; and what has been the level of inflation during the same period.

Information about United Kingdom farm net income in recent years was given in the 1976 Annual Review White Paper (Cmnd. 6392). The relevant information is as follows:

£ millions
1972–73866
1973–741,275
1974–751,263
1975–76 (forecast)1,357
A revised figure for 1975–76 and a forecast for 1976–77 will be published in the 1977 Annual Review White Paper.The percentage changes in the retail price index in the same period are given below.
Percentage change in RPI comparing consecutive June/May years
1972–73–1973–74+ 11·5
1973–74–1974–75+ 19·2
1974–75–1975–76+ 23·4
(Source: Monthly Digest of Statistics Department of Employment.)