Central planning is like a washing machine cycle that never ends:
Step 1: Subsidize production.
Step 2: When production exceeds consumer demand, subsidize the losses.
Step 3: When the losses become terminal, pay producers to exit the industry.
Step 4: When prices rise, go back to Step 1.
The first stage of the production-cut program is voluntary. Those that agree to participate must leave the industry for a minimum of five years. Two-thirds of the cost will be covered by Farm Income Stabilization Insurance, a taxpayer-funded provincial program that, when market prices are low, covers the costs of production. One-third will be paid by Les Éleveurs de porcs du Québec.
This will mean that every producer who remains in the sector must pay $2.86 to the union for every hog they sell, to cover producers’ share of the expense, according to reporting by La Presse. The pool of cash will be used to pay producers who leave.
“We understand we need the taxpayer helping us‚ but at the same time we bring lots of money, too,” Mr. Roy said.
So, is this what they call an ‘efficient’ subsidy?
Why is bacon so expensive if there’s an over supply.
because that’s what happens when ideologically blinded amateurs with way too much power meddle?
I thought they were experts.
How about exporting the excess? Create new markets. Heck, create new products by transforming the raw ingredients into new products. Invent the next Spam! Spend the money creating new jobs.
China is supposedly always short of high quality protein products. Market it as premium (safe) Canadian food.
China is desperately trying to become more self sufficient. Their leaders have annoyed too many countries and are now worried about hungry, angry people knocking at their door.
the ones that lived thru mao’s famine, lets hope they deduce this time around theyre going to join in the moment a huge angry crowd passes their apartment.
its true so many times, an opportunity come to either crush the oppressors and be over the nightmare or the uprising results in failure and more deaths, just earlier than without the uprising.
this is the type of calculation gets things done.
but the TURDeau “admires” their “basic dictatorship” l hope that follows him in every friggin history book his name shows up. he admires the one who keep the underground organ transplant commerce alive (pun intended eh uighers?)
Temporary measures! They want the protein gone and it will be once this short term, limited, temporary expediency begins.
How dare the average Joe wanting the price of food to go almost back to where it was a few years ago. !!!!
Yup. Quebec agriculture. Subsidized to the hilt. The envy of most farmers in the rest of the country.
Isn’t everything there subsidized? By ROC!
Indeed it is. But farmers in the ROC are jealous rather than angry. They’d love to be just like Jean-Guy in St. Gaston du Peanut.
If they need to be subsidized by taxpayers, how are they bringing in lot’s of money?. Theay arre actually another cost,
Trying to understand the gibberish article it seems that the market for pork has lots of competition and prices are low, but the producers want prices to be high and the government representing taxpayers aka consumers wants to help pay producers to screw taxpayers aka consumers by restricting supply.
As they say in Quebec, mange d’la marde.