Canada’s dairy supply management system remains a sticking point for the United States, but one leading analyst does not expect that to change. “Canada will not get rid of supply management,” said Mike North, President, Commodity Risk Management Group. “The government would have to write such a sizable check; there is no way they could buy back the quota that their farmers have invested in so heavily.” Two years ago, Canada created Class 7 pricing for protein concentrates, skim milk and whole milk powder. North expects Class 7 to change. “On the dairy front or with agriculture, more broadly, the trade war started with that. It is an issue that should have been addressed already. I think there is some opportunity to see some give on that.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.