The Downside of Protectionism

Holy Cow! 

Are trade restrictions a good idea. It depends on who you ask. One of the lessons learned from the Great Depression was that protectionist policies made the depression worse. Here's a look at what trade restrictions can do. Canadian farmers are happy. Wisconsin farmers are not. "Dairy Farmers of Canada, a trade group, said in a statement in 2016 that protections for the country’s dairy farmers were in place before the Class 7 pricing rule, but weren’t being enforced, resulting in approximately $231 million in annual revenue losses for Canadian dairy farmers." The Canadians are being accused of protectionism. 

Isn't that what we want to do?

Wisconsin’s Got Milk, But Canada Doesn’t Want It

Why do I care? I grew up in Wisconsin. My uncle owned a dairy farm near Shawano. He was successful, but success is getting harder to achieve for the small farm.

This may not hurt the corporate farmers, but the mom and pop operations that are a part of Grassland Dairy Products will feel the pain. These 75 dairy farmers are in danger of going out of business. You may not be able to tell by the price of dairy at the supermarket, but currently, there's a glut of milk on the market. That limits the options for these 75 farmers.