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The article and other sources report the majority of bankruptcies are in the dairy industry. It’s the result of US-Canadian trade disputes and overcapacity in t
by rrggrr 8y ago
The article and other sources report the majority of bankruptcies are in the dairy industry. It’s the result of US-Canadian trade disputes and overcapacity in the dairy industry which precedes the dispute. The CAD-USD exchange rate doesn't help either.
A gallon of 2% milk in Canada is about double the price in the US. I think its reasonable to assume that if Trudeau can't bring retail food prices down and resolve this dispute he's going to have to go back to surf boarding and substitute teaching in 2020.
- blazespin 8y agoI wonder how much of that is changing tastes away from dairy and towards things such milk replacements such as almond milk.
- leesec 8y ago> he's going to have to go back to surf boarding and substitute teaching in 2020. Lol, nothing like downplaying the achievements of the literal leader of a country ( one of the most successful possible positions for a person ).
- goplusplus 8y agoComparing the price of milk and Canada versus the US isn't a 1:1 comparison. Canadians pay much less in taxes to support their dairy industry than Americans due to supply management in Canada (i.e. not producing more milk than needed, paying for that production through subsidies, and then wasting it). So, in-store higher dairy costs in Canada are closer to true production cost than in the states. There are a lot of other factors here too, one being that during the 70-80s American agricultural legislation focused much more on large scale farm operations than Canada and as a result it is much harder for small farmers to get by in the US. Regardless, even with all other factors being equal dairy costs would still be slightly higher in Canada since due to generally higher taxes and higher farm wages.