August/September 2020 Insights

Published 9 Sep 2020

Vol. 17 | No. 3 | August 2020

Jed Sullivan - Balance of Trade

Competitive tensions: Markets are the key to growth and prosperity – except when they don’t work

Markets not working well provide an endless source of agricultural policy discussion. Not surprisingly, complaints of market failure, of imbalance of power and monopolistic (or monopsonistic) behaviour, are enticing and often involve the classic David and Goliath battle of the small business failing because of competition from larger competitors and of industries declining because of a flood of cheap imports. This issue of Insights looks at competition policy in 2020, drills down into implications for the dairy sector, and runs through some of the AFI’s previous work on the topic.

Published 9 Sep 2020

Articles about competition policy often tend to open with a statement along the lines of: Competition is central to the operation of markets, and fosters innovation, productivity and growth, all of which create wealth and reduce poverty. Even though that statement is definitive, it will be inevitably followed by a…

Published 9 Sep 2020

Mick Keogh, ACCC Commissioner, and Terry Richardson, President of Australian Dairy Farmers (ADF), discuss consolidation in the dairy industry. Is consolidation of the dairy industry inevitable – and is this good or bad? Will a mandatory code of conduct for the dairy industry level the playing field? What lessons should…

Published 9 Sep 2020

Retailers may ‘sell’ the idea of farming as a bucolic lifestyle but in reality agriculture is a competitive, market-driven business. While Australian agriculture is primarily export-focused, the domestic food market is characterised by the dominance of the major retailers – usually referred to as the duopoly (Coles and Woolworths) –…

Published 9 Sep 2020

In this chaotic year of changed routines, many of us have found ourselves with more time than usual to catch up on those books, long-form articles, podcasts and documentaries which we’d earmarked to watch ‘one day’. In this edition we’re starting a new feature in which we recommend some of…

Published 9 Sep 2020

In keeping with the prevailing 2020 theme of adaptation, the AFI will be making some significant changes in coming months. The most visible change will be the launch of our new website, which will be much more user-friendly and provide a better repository for our extensive range of agricultural policy…
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