HC Deb 21 June 1990 vol 174 c650W
Mr. Andy Stewart

To ask the Minister of Agriculture, Fisheries and Food if he will make a statement on the work of the Agricultural Mortgage Corporation in offering financial services required by the agricultural industry.

Mr. Gummer

The Agricultural Mortgage Corporation presently operates within statutory constraints which limit the range of financial services that it can offer. I believe that the time has come to review its position to take account of moves to complete the EC internal market by 1992, and the changing circumstances and needs of the agricultural industry. I am, therefore, starting a process of consultation in order to identify what, if any, changes in present legislation might be desirable.