Part 4/10:
Canada's Supply Management system, established in the 1970s, aims to regulate production levels and stabilize market conditions for farmers. The primary benefit is the protection against price volatility, allowing Canadian farmers to survive without government subsidies. However, this system has also resulted in higher prices for consumers, with the Fraser Institute noting that Canadian dairy prices are among the highest globally. This has led to perceptions of ownership being akin to a cartel, given the restrictions on both supply and imports.