§ LORD STONHAMasked Her Majesty's Government to state, separately, the value of the production of wheat and rye; barley; oats and mixed corn; potatoes; eggs; fat cattle; fat sheep; fat pigs; comprised in the £1,270 million gross output of the agricultural industry.
THE JOINT PARLIAMENTARY UNDER-SECRETARY, MINISTRY OF AGRICULTURE, FISHERIES AND FOOD (EARL WALDEGRAVE)The figure of £1,270 million is the total value of the guarantees as calculated at the 1960 Annual Price Review for the purpose of the long-term assurances in accordance with the Agriculture Act, 1957. This figure comprises that part of the output of the agricultural industry which is covered by the guarantees valued at the prices guaranteed for 1959–60, plus the value of relevant production grants.
The value of gross output includes all farm products whether guaranteed or not but excludes production grants; this is forecast to be £1,494 million in 1959–60. The values of the individual commodities in question, including guarantee payments where applicable, are as follows:
UNITED KINGDOM YEAR ENDING MAY 31, 1960 (FORECAST) Value of output* £ million Wheat and Rye 69 Barley 70 Oats and mixed corn 12 Potatoes 66 Eggs 161 Fat Cattle 204 Fat Sheep 79 Fat Pigs 158 * The value of quantities sold off farms or consumed in farm households.