April 2004 - A Special Multi-Client Study
US Dairy Policies to Meet 21st Century Realities
US
Dairy policy faces yet another review next year as the new MILC program
ends.
The industry choices are clear:
• Yet another stopgap program that pleases no one, meets few objectives, and
which could continue to create price problems and build program costs—
• Or, a sweeping review and redesign of policy to support 21st Century
challenges and realities in dairy.
Current policies are a strait-jacket for industry innovators. They hold back
structural and technological changes and limit market growth and virtually
eliminate opportunities to anticipate and benefit from key industry
developments. And, they are ceding industry growth to the New Zealanders,
Australians—and, potentially Europeans who are building on technology and
market trends. And, there is no reasonable prospect of relief from economic
pressures from technology, globalization and reform that continue to drive
the industry. The need to fully evaluate enormous industry change and its
impact on policy and regulations as well as capital structures has never
been greater.
Please join us in this study of the forces that are shaping the industry
today, the opportunities these trends imply for the future—and, the new
policies needed to insure access to these market opportunities.
