The benefits of agricultural deregulation is not entirely clear cut. I quite closely followed the deregulation of the Australian dairy industry (had worked in

The benefits of agricultural deregulation is not entirely clear cut. I quite closely followed the deregulation of the Australian dairy industry (had worked in the industry and still with friends who do) and the outcome 20 years later has not been entirely beneficial for farmers and one might even say only beneficial for the supermarkets. Maybe there's a direct consumer benefit initially through lower prices, but then if the volume of milk production drops, the prices will then likely increase due to lack of supply. Some articles: What Has Happened to Australian Milk Since Deregulation?: https://www.themilkhouse.org/a-look-back-at-australian-deregulation-2/ https://www.themilkhouse.org/a-look-back-at-australian-dereg... The summary of this one is that Australian milk production and exports have stagnated rather than grown. A Look Back at Australian Deregulation: https://www.themilkhouse.org/a-look-back-at-australian-deregulation-2/ https://www.themilkhouse.org/a-look-back-at-australian-dereg... This one claims a 60% reduction of dairy farmers in some regions. 20 years after dairy deregulation, Australia faces lowest level of milk production in decades: https://www.youtube.com/watch?v=ZYanQoLKXOA https://www.youtube.com/watch?v=ZYanQoLKXOA Push for milk levy to right deregulation wrongs: https://www.farmonline.com.au/story/6749486/push-for-milk-levy-to-right-deregulation-wrongs/ https://www.farmonline.com.au/story/6749486/push-for-milk-le... "What nobody foresaw in the lead-up to deregulation was $1-a-litre supermarket milk."