The Australian dairy industry could consider a regulation model like that in Canada.
Government intervention in the crisis facing Australian dairy has opened the gates for suggestions of other types of regulation.
Barnaby Joyce has announced an assistance package for beleaguered dairy farmers.
Agriculture Minister Barnaby Joyce has announced a package of concessional loans and facilitation of access to assistance for the beleaguered dairy industry.
Former Murray Goulburn CEO Gary Helou, stepped down from the cooperative as the farmgate milk price plunged.
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 and environmental issues.
Cow image from www.shutterstock.com
The dairy industry faces a number of welfare issues, and is a major contributor to greenhouse gases.
Dairy giants Murray Goulburn and Fonterra competed in a race to the bottom.
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.
Australian and New Zealand dairy farmers need to get used to the low prices for milk as they represent the new norm in global 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.