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> part of the trade arguments between the US and Canada. As noted in this article https://www.bnnbloomberg.ca/new-nafta-slap-in-the-face-to-canada-s-dairy-sect
by canada_dry 7y ago
> part of the trade arguments between the US and Canada.
As noted in this article https://www.bnnbloomberg.ca/new-nafta-slap-in-the-face-to-canada-s-dairy-sector-farmers-say-1.1145579 https://www.bnnbloomberg.ca/new-nafta-slap-in-the-face-to-ca... Canada has always had a tightly controlled system that protects farmers by not allowing over production.
Where it's not uncommon to see milk as a loss-leader in big US markets (i.e. $0.99/gallon) the price in Canada is much higher and stable. I suspect our farmers are going to be hurt by the new NAFTA deal (when/if Congress ratifies it) in the long term.
- Scoundreller 7y agoThe new NAFTA (and CETA) aren’t going to improve access/prices much. NAFTA will allow access up to 3.6% of the dairy market tariff free. I think CETA was supposed to allow Tariff free cheese imports to make up 9% of the market instead of 5. Not a massive change.