§ 22. Mr. Gwilym Roberts
asked the Minister of Agriculture, Fisheries and Food what are the latest figures available for the average profits and capital holdings of farmers; and by how much these figures have increased over the last year available, two years available, five years available, and 10 years available.
§ Mr. Peart
I regret that the information requested is not available, but following are figures for the average net income and for average tenant's capital per full-time farm in England and Wales.
AVERAGE NET FARM INCOME AND ESTIMATED TENANT'S CAPITAL ON FULL-TIME FARMS* IN ENGLAND AND WALES Net income† Tenant's capital‡ 1974–75§ £ per farm (all types excluding horticulture) 5,752 21,730 Percentage change since: Per cent. Per cent. 1973–74 -12 +15 1972–73 +4 +39 1969–70 +161 +114 1964–65 +168 +181 Source: Farm Management Survey. * Defined by reference to their standard labour requirements measured in standard man days (smd); farms with 275 smd and over in 1964–65; farms with 275–4,199 smd in 1969–70 and later years. † The return to farmers and their wives for their manual and managerial labour and the use of tenant-type capital, before deduction of interest on any commercial debt. ‡ Estimated capital invested in the business on average during the year, excluding landlord-type assets such as land and buildings. §The latest year for which statistics are available is 1974–75.