We have been discussing ceilings and floors in our economics class lately and how these manifest themselves in the “real world”. We certainly can envision how government can affect things like rent, but what happens when supply is controlled or not in agriculture? With the Tories set to dismantle the Canadian Wheat Board, many farmers, suppliers, and retailers are suggesting either a greater control of supply on things such as milk and eggs, or an opening of the free market.
Here is a link to a couple of Globe and Mail articles. READ THEM. Discuss with your family and friends (you’ll be the coolest guy/girl at school!):
Finally, here is a podcast from the CBC Radio program, The Current. Here, the idea of controlling the supply if milk is discussed.
What is your view? Do you think governments should control the supply of commodities? Why do they do it? Please post your response by Friday morning (I’ll give you some marks or chocolate)