§ 21. Mr. Wingfield Digby
asked the Minister of Agriculture, Fisheries and Food whether he is aware of the sharp drop in the value of farm land; and what steps he is taking to restore the confidence of the farming community in this connection.
§ Mr. John Mackie
In recent months, the average price paid for farm land has fallen away somewhat from the record level reached earlier this year, but land prices are influenced by many factors besides the profitability of farming. The average price level is still higher than in any year before 1965, and it provides no evidence of any loss of confidence by farmers.
§ Mr. Mackie
I do not agree with that at all. This is one of the things that farmers are not anxious to see, namely, the high price of land in this country.
§ Mr. Manuel
Is the Minister aware that the price of farm land, not high quality agricultural land, has risen considerably, and that land is wanted either 447 for the location of industry or the building of municipal houses?