Paying a higher price for milk at the supermarket won’t help farmers much as the Australian dairy industry is more exposed to international markets.
Articles on Milk Crisis
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Government intervention in the crisis facing Australian dairy has opened the gates for suggestions of other types of regulation.
Agriculture Minister Barnaby Joyce has announced a package of concessional loans and facilitation of access to assistance for the beleaguered dairy industry.
The break up of trust between dairy farmers and Murray Goulburn can be tracked back to the degregulation of the dairy industry.
The dairy industry faces a number of welfare issues, and is a major contributor to greenhouse gases.
Two of the largest dairy cooperatives have been playing with farmers by pursuing a high price for milk when both should have taken into account fluctuations in the global dairy markets.
Cooperatives like Murray Goulburn and Fonterra and dairy farmers need to accept that lower milk prices will be the new normal in a more competitive global market.
Top contributors
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Sir Graeme Harrison Professorial Chair in Global Value Chains and Trade, Lincoln University, New Zealand
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Senior Lecturer, School of Management, Te Kunenga ki Pūrehuroa – Massey University
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Professor of Dairy Production Systems, Te Kunenga ki Pūrehuroa – Massey University
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Professor, Department of Economics, The University of Melbourne
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Winthrop Professor, Entrepreneurship, Innovation, Marketing and Strategy, The University of Western Australia
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Historian, The University of Melbourne
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Professorial Fellow, University of Canberra
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Professor of History and Egg Farmers of Canada Chair in Public Policy, University of Waterloo