§ Mr. Joplingasked the Minister of Agriculture, Fisheries and Food what was the standard quantity for wheat and barley in each year since its inception; what quantity from home grown sources was produced; what was the target indicator price; what was the average realised price; and to what extent the deficiency payment for wheat was abated because 109W the annual production fell below the standard quantity and the average realised price fell below the target indicator price.
§ Mr. HoyThe arrangement for abating
Wheat Barley 1964–65 1965–66 1966–67 1967–68 1964–65 1965–66 1966–67 967–68 Standard Quantity ('000 tons) 3,300 3,400 3,520 3,750* 6,500 6,750 7,467 7,850* Annual Production ('000 tons) †3,617 4,116 3,587 n.a. 7,242 7,840 9,004 n.a. Target Indicator Price s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. (s. d./cwt.) 20 0 20 6 20 6 20 6 19 0 19 0 19 0 19 0 Average Realised Price (s. d./cwt.) 21 3.7 21 0 22 6 n.a. 20 8.7 21 9.4 20 11.6 n.a. Notes: (*) Subject to adjustment under the crop adjustment formula. (†) Gross adjusted production. (‡) 1967–68 annual production and average realised prices will not be known until after the end of the cereal year.