§ 48. Sir W. Bromley-Davenport
asked the Minister of Agriculture, Fisheries and Food whether he is aware that over the past five years farming costs have risen by 10 to 15 per cent., while prices have fallen by 4 per cent.; and whether he will take this into account when preparing his price review.7W
§ Mr. Soames
Movements of costs, prices and efficiency are reflected in the aggregate farming net income. Between 1958–9 and 1962–3 this figure rose from £333 million to a forecast £408 million. At the forthcoming Annual Review all relevant factors will be taken into account.