§ Mr. Teddy Taylorasked the Minister of Agriculture, Fisheries and Food, pursuant to his reply to the hon. Member for Bodmin (Mr. Hicks) of 1 April, Official Report, c. 171, what factors he considers would cause producers' net returns to fall by around £1,000 million if a deficiency payments scheme were introduced to bring prices to a level half way between world and European Economic Community prices, and at a cost of around £1,000 million to the Treasury.
§ Mr. Buchanan-SmithA factor causing producers' returns to fall by the £1,000 million would be the assumed reduction in producer prices to a level half-way between world and Community prices. Such a figure provides only a general indication of the effects, given that many other consequences would certainly flow from a cut in returns of this order.