§ Sir L. Ropner
asked the Minister of Agriculture, Fisheries and Food if he 161W will give particulars of the deficiency payments on wheat, rye, barley, oats and mixed corn for the cereal year 1st July, 1961 to 30th June 1962.
§ Mr. Soames
The particulars of these payments are as follows:
1. WHEAT Accounting Period Seasonal Standard Price per cwt. Deficiency Payment per cwt. s. d. s. d. 1st July—30th Sept., 1961 24 6 5 6.5 lst Oct.—30th Nov., 1961 25 11 4 9.8 1st Dec, 1961 —28th Feb., 1962 27 5 4 0.8 1st March—30th April., 1962 29 1 5 9.4 1st May—30th June, 1962 29 6 5 11.0 (Provisional)
3. OATS AND MIXED CORN Cereal year Yearly Standard Price per cwt. Price Deficiency per cwt. Deficiency Payment per acre Total Payments s. d. s. d. £ s. d. £m. 1st July 1961 to 30th June, 1962 … 27 5 7 9.82 7 3 1 12.8
An advance payment at the rate of £5 per acre has already been made. The
4. BARLEY Cereal year Yearly Standard Price per cwt. Price Deficiency per cwt. Deficiency Payment per acre Total Payments s. d. s. d. £ s. d. £m. 1st July 1961 to 30th June, 1962 … 27 7 7 7.36 8 11 4* 32.8 (provisional) *This is subject to a deduction (unlikely to exceed a few shillings per acre) when the calculations arising from the incentive scheme have been completed.
An advance payment at the rate of £6 10s. 0d. per acre has already been made but until the effect of the new incentive scheme can be calculated exactly it will not be possible to make the final payment on the barley acreages. This means that instead of the final payment being made in August-September as in previous years it cannot take place162W
Payments for the first four periods have already been made. The rate of deficiency payment for the period 1st May to 30th June cannot be exactly determined until next week but is not expected to differ from the provisional figure shown. Total payments on wheat for the cereal year will be about £12.6 million.
2. RYE Cereal year Yearly Standard Price per cwt. Deficiency Payment per cwt. Total Payments s. d. s. d. £ 1st July 1961 to 30th June, 1962 21 7 4.5 5,000 (provisional)
The rate of deficiency payment cannot be finally determined until next week but it is highly unlikely that any adjustment will be required.
final payment of £2 3s. 1d. per acre will begin immediately.
until October-November. A further announcement will be made in October.