§ 26. Mr. Hardyasked the Minister of Agriculture, Fisheries and Food what were the amount and the proportion by which farm incomes increased in 1974; and what increase he expects in the current year.
§ Mr. Bishop:The industry's aggregate net income for 1974–75 is expected to be about £150 million, 12 per cent., below the 1973–74 level. When adjusted to normal weather conditions the fall is 3 per cent. It is difficult to predict income for 1975–76. Much depends on future feed cost movements and weather, but the determinations my right hon. Friend announced on 17th February—[Vol. 886, c. 917]—will be of major benefit.