Cumulative intervention storage costs
The Minister said intervention storage cost the Exchequer £118.8 million from 1973 to 1984, offset by £96.4 million in FEOGA receipts. He confirmed the figures included beef and butter and agreed the net cost was about £22 million; only a very minor part of the EC receipts was Irish money.
asked the Minister for Agriculture the total cumulative cost to the Exchequer of the hire or purchase of space for the storage of agricultural products in intervention since 1973.
Comment on this
In the period 1973 to 1984 total expenditure by the Exchequer on the storage of intervention products was £118.8 million, of which £96.4 million was offset by receipts from FEOGA.
Comment on this
The Minister is saying it has cost the taxpayer approximately £22 million to pay for stocks in storage.