RURAL CRISIS: Black Friday for Canadian farmers*

Australia can learn much from a recent Canadian study of the impact of market deregulation on farmers, writes Ken Francis.In 2003, Canadian farmers reported a catastrophic collapse in the profitability of their farm businesses when they recorded a realised net farm income of a negative $13 billion. This result was the lowest ever recorded, including the Depression years of the 1930s.According to Stewart Wells of the Canadian National Farmers Union (NFU), “This is the most spectacular and damagin…

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