§ Mr. Scott-Hopkinsasked the Minister of Agriculture, Fisheries and Food what effect the determinations of agricultural guaranteed prices announced on 21st March will have on expenditure on agricultural support.
§ Mr. GodberThe total estimated cost of agricultural support in 1973-74 was shown as £340.8 million in Table 24 of Cmnd. 5254. On the basis of the original assumptions as to output and market prices, the determinations would have the effect of adding a further £33.2 million. This figure however takes no account of the reduction in the rate of grant under the farm capital grant scheme and only a limited account of the reduction in the rates of calf subsidy, which would for the most part affect public expenditure only after the end of 1973–74.