Description: It’s probably news that Canadian dairy farmers did not want to hear. While visiting Wisconsin, U.S. President Donald Trump promised he would stand up for dairy farmers in that dairy state, criticizing current trade rules as unfair. Meanwhile, the dairy sector in Australia, New Zealand and Mexico welcomed the thought of attacking the Canadian dairy industry through the World Trade Organization.
Date: April 19, 2017
1) The article speaks about a deal that prices the ingredients for cheese-making below cost. Why would industry price ingredients below cost? Doesn’t that seem like a way to go out of business?
2) If you were providing financial advice to a Canadian dairy farmer, what might be some strategies you would recommend to help compete with the farmers from other nations?
3) Do you think that the threats from the U.S. and other nations will end up in big changes for Canadian dairy farmers?