Examination of Witnesses

Part of Agriculture Bill – in a Public Bill Committee at 2:00 pm on 25th October 2018.

Alert me about debates like this

Professor Millstone:

It is not just about stabilising farm incomes, but about ensuring adequate supplies for consumers. Futures markets, insurance and so on can create what is conceived of as virtual stocks, but you cannot eat virtual stocks—you can only eat real food. Therefore, you have to have mechanisms to ensure that there is an adequate supply of real food available, and not just financial instruments.