Premium
The story of deregulation in the dairy industry
Author(s) -
Edwards Geoff
Publication year - 2003
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/1467-8489.00204
Subject(s) - deregulation , politics , dairy industry , business , market economy , marketing , industrial organization , economics , political science , chemistry , food science , law
The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating case study in microeconomic reform. The role of interacting industry and institutional features in the movement to deregulation is explained, with political realities being recognised. A key part of the deregulation bundle was an unprecedented “structural adjustment” package valued at about one and a half billion dollars (in 1998–1999). Questions are raised about the rationale for this package, the process of determining it and the means of funding it.