Agriculture (Output) (Hansard, 6 July 1964)

§ Mr. Hilton

asked the Minister of Agriculture, Fisheries and Food if he will give figures of gross and net output of agriculture in the United Kingdom at current prices and at constant prices for

GROSS AND NET OUT PUT OF AGRICULTURE (¹) IN THE UNITED KINGDOM ATCURRENT PRICES AND AT CONSTANT (1954–57) PRICES (²)
£ million
Years beginning 1st June	Average 1954–55/ 1956–57	1961–62	1962–63(provisional)	1963–64 (forecast)(⁵)
Gross output (³) at current prices	…	…	1,499½	1,799	1,853	1,824
Gross output (³) at 1954–57 prices	…	…	1,501	1,789½	1,854½	1,871
Net output (⁴) at current prices	…	…	667	802½	830	781½
Net output (⁴) at 1954–57 prices	…	…	658	768½	823½	833½
(¹) The figures include estimated output from units under one acre.
(²) There are differences between the definitions of gross and net output (i) at current prices, and (ii) at constant prices. For the purpose of comparison the definitions at current prices and at constant prices have been brought as closely into line as possible, but there are still minor conceptual differences between the two series.
(³) Gross output is that portion of the total agricultural production which is sold off farms in the United Kingdom together with the quantity consumed in farm households, the figure so obtained being adjusted for the value of work already achieved, and increased by the value of miscellaneous grants and subsidies.
(⁴) Net output is (³) reduced by the cost of farmers' purchases of goods and services from outside the agricultural sector. (These include feedingstuffs, imported store animals, seeds, fertilisers, machinery, maintenance, etc., but not labour, rent and interest.)
(⁵) Forecast as at mid-January, 1964, four months before the end of the year in question, and therefore subject to revision in the light of further information.

36W

the average of the three years 1954–55 to 1956–57, and for the years 1961–62 to 1963–64, inclusive.