Canadian model of higher prices for a lower volume of production

The Canadian model of higher prices for a lower volume of production, with costs borne by dairy consumers as opposed to society as a whole, could be instructive when the time comes to take a harder look at the impact of agriculture on our planet.

Thanks to U.S. President Donald Trump’s belligerent scapegoating of Canadian dairy protectionism, supply management is once again in the news, and we are once again expected to feel bad about the dismally low productivity of our over-regulated dairy sector, and the high prices we pay for milk, writes Nicholas Gall. Photograph courtesy of Donald Trump's Twitter account

Opinion

May 1, 2017

LONDON, ENGLAND—There is a famous, possibly apocryphal story of a Russian official travelling to the U.K. sometime around the collapse of the Soviet Union, and asking the British economist Paul Seabright to explain who was in charge of London’s bread supply. Economists like thi...

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