§ 23. Mr. Walters
asked the Minister of Agriculture, Fisheries and Food what measures he will take to alleviate the problems facing young farmers with limited capital trying to enter the industry.
§ Mr. Strang
The Government already aid new entrants to the industry. My Department, together with county councils in England and Wales, provides statutory smallholdings to enable qualified young people to enter a farming career. We also support the Agricultural Mortgage Corporation, which is pleased to make loans for land purchase available to creditworthy new entrants, and the Agricultural Credit Corporation, which can guarantee bank lending for working capital.