Unrelated but also completely related. Ireland and EU subsidize their dairy production. Whatever you subsidize you get more of. In this case a glut of dairy that drives down global prices and makes it harder for them to achieve their environmental targets. These countries could just end their subsidies and that would reduce the amount of production and their would be a natural culling. But that would also create problems for the dairy farmers as then they would be faced with the true cost of production and would naturally go out of business. The trade off the Ireland government is making is 1) not ending subsidies and then 2) forcing farmers to produce less. It’s one government intervention to try to unwind the unintended consequences of the first government intervention. The result will be Ireland farmers receiving the subsidies wanting to produce more because with the subsidy it is profitable to do so but being restricted by the government from doing so for other initiatives. So I think it’s more complicated.

https://www.politico.eu/article/eus-milk-scramble-for-africa/

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