§ Mr. Deakinsasked the Minister of Agriculture, Fisheries and Food what is the breakdown, as between different sections of the United Kingdom farming industry, of his estimate of receipts by the United Kingdom from the European Economic Community budget for 1977.
§ Mr. Anthony StodartWe have estimated that, assuming the Community's present financial arrangements continue, we might expect to receive some 200 million units of account per annum (£84 million) from the Agricultural Guidance and Guarantee Fund (FEOGA) by the end of the transition period. About one-third of this total represents what might come from the Guidance Section of the Fund, which is concerned with the improvement of the structure of agriculture; another one-third for subsidised wheat and skimmed milk for use in animal feeds and the rest for subsidised food exports and to finance market intervention measures.