Farmers (Credit Facilities)

Oral Answers to Questions — Agriculture, Fisheries and Food – in the House of Commons at 12:00 am on 29th October 1956.

Alert me about debates like this

Photo of Mr John Biggs-Davison Mr John Biggs-Davison , Chigwell 12:00 am, 29th October 1956

asked the Minister of Agriculture, Fisheries and Food what proposals he has to make provision for easier credit for farmers.

Mr. Amory:

I have satisfied myself by recent inquiries that the banks are continuing to consider sympathetically the credit needs of farmers, particularly of those who have suffered from the weather. I have also arranged for county agricultural executive committees to give what help they can to those in need for that reason by supplying essential goods on as favourable credit terms as possible under the Agriculture Goods and Services Scheme. I have no fresh proposals to make at the present time.

Photo of Mr Arthur Champion Mr Arthur Champion , Derbyshire South East

Will the Minister remember in this connection that what is really required is cheaper credit, particularly at this time, when it is quite obvious that many farmers will have to transfer their production from milk to some other commodity which will require credit?

Mr. Amory:

I would agree with the hon. Member that we all like borrowing our money as cheaply as possible and that it is an important item in our costs. But, whatever the borrowed money costs, it is an item which is taken into consideration at the Annual Price Review.