IDEAS home Printed from https://ideas.repec.org/a/oup/apecpp/v34y2012i1p147-166.html
   My bibliography  Save this article

Policy Risk in the Canadian Dairy Industry

Author

Listed:
  • Lia Nogueira
  • Richard R. Barichello
  • Kathy Baylis
  • Hayley H. Chouinard

Abstract

Canadian dairy farmers purchase a marketing quota through the Provincial Marketing Boards to sell milk in Canada. That quota captures rents created by regulations and is subject to policy risk. We define policy risk as the farmers' expectation that quota rents will decline or disappear over time. We calculate the effect of perceived policy risk to determine whether the Uruguay Round Agreement affected the amount of protection given to farmers. Calculated policy risk ranged from 14-29%. Policy risk increased in the years leading up to the Uruguay Round Agreement, but decreased after the WTO was established and remains at a historic low. Copyright 2012, Oxford University Press.

Suggested Citation

  • Lia Nogueira & Richard R. Barichello & Kathy Baylis & Hayley H. Chouinard, 2012. "Policy Risk in the Canadian Dairy Industry," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 34(1), pages 147-166.
  • Handle: RePEc:oup:apecpp:v:34:y:2012:i:1:p:147-166
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/aepp/ppr043
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:apecpp:v:34:y:2012:i:1:p:147-166. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.