🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
HomeClass Notes1,200,000CA670,000

AGRI 215 Lecture Notes - Bla Bla Bla, Production Quota, Import Quota

94 views4 pages
sapphirecod69
7 Dec 2011
School
McGill University
Department
Agriculture
Course
AGRI 215
Professor
Caroline Begg Roger Cue

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

Farmers need help because if they make big investment they could make large profit or large losses. Supply manage boards, dairy, boiler turkey, eggs, hatching market for future egg laying birds. However over time the prices are falling. Control price but do not guarantee profit!!! Justification of this go back to constitution. Fedral gov were buying up eggs, and some how forgot where they were storing them. Created political pressure to put the board in place because it looked bad. Farming is competitive, each farmer is small compared to market place, and price. Farmer has to accept the price given to them out of the market - different than oil etc. Under supply management, we have traditionally closed the door??? words of the speaker no idea . One provence can not create more milk and push to sell in other province. No milk pushed to us or brought from there. In milk the price is much more reg.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

MGM102H5 Chapter Notes - Chapter 5: Monetary Policy, Industrial Policy, Money Supply
ceruleansnail611
AFM131 Chapter Notes - Chapter 4: Canadian Dairy Commission, Canadian National Railway, Canada Pension Plan
greyarmadillo103
SOC 472 Lecture Notes - Lecture 8: Soltyrei, Agribusiness, Offshoring
orangebeaver567

Related Questions

The FED is more likely to use the discount rate and the open market operation for short-term money supply management rather than the reserve requirement. Why?

For years the U.S. dairy industry has claimed that Canadian dairy producers are heavily subsidized through the country’s supply management program. This argument has been a key point in trade negotiations as the U.S. claims that the supply management system, and the Class & pricing system in place, creates an unfair playing field. In a new report, Canadians have suggested that perhaps the U.S. dairy industry should examine its own subsidy programs before making accusations. The 588-page report commissioned by Dairy Farmers of Canada examined the role subsidies play in the U.S. dairy market. According to the report, 73% of the returns received by U.S. dairy farmers in 2015 were a result of dairy farm subsidies, such as the Margin Protection Program (MPP), the Supplemental Nutrition Assistance Program (SNAP) and others. That amounts to about $12.06 per cwt. “One of the things we are seeing is that the way dairy industries are supported on both sides of the border are different,” Haney says. “Canada on the front end, is clearly supported through the quota system. In the U.S., it’s more through other means like MPP, SNAP and so forth.” “The Canadians should realize that the U.S. is not over subsidized, but has a tremendous safety net that will give larger producers confidence to expand production knowing they have revenue assurance and other industry backups,” Wiesemeyer says, especially with the update to programs recently announced in the newly approved spending package. “That will be the story over the next 3 to 5 years in the U.S. dairy market. Adapted from www.milkbusiness.com (October 2018)

Answer the following questions: Identify the type of restriction represented by the milk subsidy in the U.S. Use the Extract to provide a justification for your choice. (5 marks)

To settle the trade dispute in NAFTA both the U.S. and Canada agree to remove the subsidy on milk. Discuss the impact of this on the U.S. milk market. Identify the pros and cons aswell as provide advice to the government.(15 marks)

Investment is usually referred to as the most unstable component of aggregate supply, Several factors contribute to that instability. Explain how the variability of profits and expectations contribute to the instability of investment (8 marks)