Competition versus consistency | Global News - 0 views
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Canadians pay double the market cost for milk
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To protect those farmers, government started regulating the prices paid to farmers and controlling the amount of milk they could produce.
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Canadian agriculture is one of the most protected aspects the national economy.
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A government sponsored agency currently controls the prices for dairy products in Canada. This was implemented because the government wanted to regulate the prices paid to dairy farmers and the amount of milk they could produce, in order to protect the farmers. However, problems have begun to arise because of these price controls, mostly due to the fact that the market price is much higher than it should be (which hurts consumers) and it is costing billions of dollars each year.