§ Mr. Farrasked the Minister of Agriculture, Fisheries and Food if he will give details of the latest estimates he has made of expenditure in 1981–82 by the intervention board for agricultural produce on market regulation under the common agricultural policy, together with comparable figures for 1980–81.
§ Mr. Peter WalkerDetails are given below of the latest estimates for the financial year 1981–82 together with comparable figures for the outturn in the financial year 1980–81.
Expenditure by the Intervention Board for Agricultural Produce Latest Estimate of Outturn 1981–82 Actual Outturn 1980–81 £ million Cereals 200.1 157.2 Beef and Veal 59.1 131.6 Pigmeat -30.1 -16.7 Sugar 33.1 21.3 Herbage Seeds 6.1 3.9 Hops 0.8 0.8 Processed Products 25.2 16.7 Milk Products 213.5 187.0 Sheepmeat 95.6 42.3 Oilseeds 53.6 50.6 Others 8.2 8.5 665.2 603.2 Expenditure by the Intervention Board for Agricultural Produce includes the beef premium and sheep variable premium schemes, 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 sold. It also takes account of certain receipts treated as negative expenditure, namely monetary compensatory amounts levied on intra-Community trade, clawback of variable premiums on exports of sheep and sheepmeat and the coresponsibility levy on milk producers. Of the estimated outturn for 1981–82, £651.5 million is expected to be financed from the guarantee 418W section of the European agricultural guidance and guarantee fund (EAGGF); the balance being financed from Exchequer funds. In 1980–81 £527.5 million was financed from EAGGF. Some of the expenditure shown in the preceding table benefits consumers and trade interests rather than United Kingdom producers.