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Industry Adjustment to Policy Reform – A case study of the Australian dairy industry

  • Year: 2005
  • Author: David Harris
  • Publisher: Rural Industries Research and Development Corporation
  • Published Location: Barton, ACT
  • ISBN: 1741511739
  • Country: Australia

The Australian dairy industry has recently experienced a policy reform that involved the over-night removal of all price support mechanisms. It was an unusual event because policy changes are usually phased-in or announced with several years warning. In this case farmers had limited time to prepare for the effects of the reform. Consequently the Government provided restructuring assistance worth A$2 billion to help farmers adjust to the new market environment. This publication shows how farmers reacted to the effect of a substantial change in industry support.

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