My Take: By Matthew Mccully
The federal government has just handed over around 3.6 per cent of the Canadian dairy industry to outside interests.
Combined with other concessions made in the Trans Pacific Partnership and losses faced by farmers through diafiltered milk products leaking across the border, the Canadian dairy industry’s market share is substantially lower than its value on paper, the figure upon which generations of local producers have based lifelong investments.
Supply management controls the amount of dairy in the Canadian system as well as its price, and also monitors the quality of the product through strict regulations.
Free market puts all options, at all price points and levels of quality in front of the consumer, who ultimately controls the demand.
Nine times out of ten, the winner is the lowest bidder.
Widgets are one thing.
When the product involves a living thing, cost cutting leads to abuse.