The The Economics of a Single North American Barley Market
1993
On I August 1993, the Canadian government extended the dual feed barley market to all of North America and established a similar marketing system for malting barley. The 1993 policy reform removed the Canadian Wheat Board's (limited) ability to set monopoly prices. While the loss of the board's domestic monopoly power was negative for farmers, there were offsetting positive impacts. The new policy will lead to economic gains for farmers due to improved price signals and competitive discipline in grain handling. The author concludes that the gains to farmers from a move to a single North American market far out weigh any associated losses.
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