3. The prescribed price for industrial milk and industrial cream delivered for marketing for the 1989 period is the amount obtained by adjusting 100.5 per cent of the base price thereof for that period by the factor of $0.64/kg of butterfat, as determined by the Board pursuant to paragraph 10(1)(a) of the Agricultural Stabilization Act.

3. The prescribed price for industrial milk and industrial cream delivered for marketing for the period beginning on April 1, 1986 and ending March 31, 1987 is the amount obtained by adjusting 123.88 per cent of the base price thereof for that period by the factor of $0.56/cwt. as determined by the Board under paragraph 8.2(1)(a) of the Agricultural Stabilization Act.

Emphasises that the production of biofuels should not interfere with food production or compromise food security; believes, however, that balanced policies to promote increased European yields in feedstock crops such as wheat, maize, sugar beet and sunflowers could include provision for biofuel production, taking account of ILUC, in a way which could provide Europe’s farmers with a secure income stream, attract investment and jobs into rural areas, help address Europe’s chronic shortage of (GM-free) high-protein animal feed, make Europe less dependent on fossil fuel imports; believes that in cases of market oversupply of the agricultur ...[+++]al products referred to, the production of biofuels and bioethanol would represent a temporary outlet which would maintain sustainable purchase prices, safeguard farmers’ incomes during crises, and serve as a market stability mechanism; stresses the need to encourage the integration of uncultivated arable land which is not being used to produce food into the production of bioenergy, with a view to meeting national and European renewable energy objectives.

The objectives of the common agricultural policy (CAP) as defined in Article 39(1) of the Treaty include stabilising markets and ensuring that supplies reach consumers at reasonable prices.

Should it happen that as a result of the commitments being given in the current WTO negotiations, that there should be a significant reduction in the current levels of tariff protection, Community agricultural prices are going to find themselves far more subject to the fluctuations of the corresponding world prices; this will make it essential to adopt measures which will, in exceptional circumstances, guarantee the stabilisation of Community agricultural prices and thus ...[+++]indirectly contribute to stabilising EU farmers’ incomes.

The objectives of that policy are to increase agricultural productivity, to ensure a fair standard of living for the agricultural community, to stabilise markets, to assure the availability of supplies and to ensure that supplies reach consumers at reasonable prices.