§ Mr. Austin Mitchellasked the Minister of Agriculture, Fisheries and Food whether he will publish in the Official Report a table showing for each year since 1954 the ratio of farming income to farm business income.
§ Mr. MacGregorThe information requested for the years 1954 to 1969 is not available.
The following table shows the estimates of farming income and farm business income at current prices, together with their ratio from 1970 to 1983.
Year Farming income* Farm business income† Ratio*† £ million £ million 1970 567 658 0.86 1971 640 737 0.87 1972 682 795 0.86 1973 952 1,112 0.86 1974 803 1,021 0.79 1975 1,005 1,247 0.81 1976 1,293 1,571 0.82 1977 1,269 1,572 0.81 1978 1,252 1,617 0.77 1979 1,141 1,676 0.68 1980 1,018 1,732 0.59 1981 1,318 2,061 0.64 1982 1,802 2,608 0.69 1983‡ 1,536 2,367 0.65 *The return to farmers and spouses for their labour, management skills and own capital invested after providing for depreciation. †The return to farmers and spouses, non-principal partners and directors for their labour and a management skills and on all capital (own or borrowed) invested in the industry after providing for depreciation. ‡forecast.