Labor to introduce milk floor price
THE Federal Opposition has given the clearest indication yet that a dairy floor price will be introduced by Labor if elected on May 18.
Opposition spokesman for agriculture Joel Fitzgibbon last week said structural problems meant the dairy sector needed government intervention.
“You can somewhat rebalance the market power between processors and dairy farmers, but dairy farmers will be made price takers,” Mr Fitzgibbon said.
He was asked by The Weekly Times how a floor price would operate in competition with imported produce from New Zealand.
“If we are arguing that the only way to be internationally competitive on export markets is to pay our farmers at or below the cost of production, then we’ve lost the argument,” the NSW MP said.