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Agricultural Land (Milk Quotas)

Volume 76: debated on Monday 1 April 1985

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asked the Minister of Agriculture, Fisheries and Food what information he has concerning the buying of agricultural land with quota and its subsequent disposal; and if he will estimate the effective value of quota in the market place in terms of £s per tonne of liquid milk.

All transfers of land with quota attached require amendments to the quota registers which the Milk Marketing Board maintain on my behalf. From the forms which producers submit to amend the register it is possible to identify the names and addresses of both parties to the transaction, together with the addresses of all their farms supplying milk, and the amount of quota which has been transferred. When part of a holding has been transferred information on the area of land to which the quota is attached is also collected. No information is collected on the extent to which quotas affect land prices, which is the only way that any asset value of quotas in private transactions can be expressed at present.