Reforming Canada's Dairy Sector: USMCA and the Issue of Compensation

G. Cornelis van Kooten

12 citations0/0 files storedApplied Economic Perspectives and Policy

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Agricultural economics and policies Economics of Agriculture and Food Markets Agricultural Economics and Policy

Abstract

Abstract Supply management (SM) in Canada's dairy sector was an obstacle to the successful renegotiation of the North American Free Trade Agreement. Reform of agricultural SM regimes in sugar, peanuts, tobacco, and dairy in various jurisdictions are reviewed, and an analytic framework is developed to investigate how Canada might eliminate its dairy quota regime while not overcompensating producers. Compensation based on quota values amount to $5.9 billion if untargeted, but only $2.9 billion if targeted; in contrast, theoretically correct estimates of the loss that dairy producers would face range from $0.2 to $1.9 billion. Such costs are low enough not to impede the elimination of supply management.

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1969The Canadian Broadcasting Corporation 1982Social Costs of Supply‐Restricting Marketing Boards 1992Supply Management and Import Concessions 2009Options for the Reform of Supply Management in Canada with Trade Liberalization 1998The Simple Analytics of Transferable Production Quota: Implications for the Marginal Cost of Ontario Milk Production 2010Benefit-Cost Analysis: Distributional Considerations under Producer Quota Buyouts 2016Hidden costs of supply management in a small market

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2021Supply Management 2.0: A Policy Assessment and a Possible Roadmap for the Canadian Dairy Sector

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