§ Mr. Elystan Morganasked the Minister of Agriculture, Fisheries and Food if he will give for each of the last 10 years the relative figures for increased production costs, and the size of the award made in the price review.
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§ Mr. Anthony StodartThe information is as follows:
£ million Cost increases All products Guaranteed production* Review award 1964 31 24 31 1965 37 29 10.5 1966 42 32 23 1967 20 15 25.5 1968 87 68.5 52.5 1969 53 40 34 1970 81 60.5 53.5† 1971‡ 217 141 138 1972 56 48.5 70.5 1973 217§ —|| —|| * Commodities of the description and quantities for which guaranteed prices are provided. † One-year increases in the fertiliser and lime subsidies were estimated to provide a further £10 million. In addition an increase of £20million to be spread over two years in the rates of the main agricultural capital grants—not included in the value of the guarantees—was announced. ‡ These figures include the adjustment to the guarantees made in October 1970. § This figure was calculated before authorised increases at the start of 1973. If these were effective over a full year they would represent a further cost increase of about £68.5 million. || No longer calculated.