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Milk them, then cap them
EDITORIAL: Dairy and livestock farmers demanding a seat at the policy table are asking for something considerably more fundamental than another increase in the official price of milk. Their complaint goes to the economics of producing it. Feed, fodder, electricity, medicines, vaccines, labour and transport all carry costs that producers must absorb, while government price controls can restrict what they receive for the final product. A pricing regime that ignores this relationship eventually leaves somebody paying the difference, and farmers cannot be expected to subsidise consumers indefinite...
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