§ Mr. Hicks
asked the Minister of Agriculture, Fisheries and Food if he will give details of the latest estimates he has made of expenditure in 1980–81 by the Intervention Board for Agricultural Produce on market regulation under the common agricultural policy, together with comparable figures for 1979–80.
§ Mr. Peter Walker
Following are details of the latest estimates for the financial year 1980–81, together with the comparable figures for the outturn in the financial year 1979–80.
Expenditure by the Intervention Board for Agricultural Produce Latest estimate of outturn 1980–81 Actual outturn 1979–80 £ million Cereals 114.9 43.0 Beef and veal 104.4 10.3 Pigmeat —5.0 0.5 Sugar 21.1 44.6 Herbage seeds 5.0 3.7 Hops 0.8 1.3 Processed products 24.6 27.8 Milk products 205.6 201.3 Sheepmeat 40.0 — Oilseeds 44.5 19.5 Others 11.6 7.9 567.6 359.9
Expenditure by the Intervention Board for Agricultural Produce includes the beef premium scheme, refunds on imports and exports, certain production subsidies, the butter and school milk subsidies, the gross cost of aids for private storage and animal feed and the net cost of commodities bought into intervention and subsequently 131W sold. It also takes account of certain receipts treated as negative expenditure, namely monetary compensatory amounts levied on intra-Community trade and the corresponsibility levy on milk producers. Expenditure on the new sheepmeat regime is included in 1980–81. Of the estimated outturn for 1980–81, £463.5 million is expected to be financed from the guarantee section of the European agricultural guidance and guarantee fund (EAGGF); the balance being financed from Exchequer funds. In 1979–80, £368.5 million was financed from EAGGF. Some of the expenditure shown above benefits consumers and trade interests rather than United Kingdom producers.
The actual outturn for 1979–80 includes the expenditure of £12–9 million deferred from 1978–79 as a result of industrial action.
The figures many not aid up to the totals shown because of roundings.