Supply management is a way for farmers, specifically, those who produce milk, chickens, turkeys, and eggs, to control, through a marketing system, the supply or quantity of their commercial products. It was set up in the 1970s to combat against wild price fluctuations that were hurting farmers, notably price instability and interprovincial trade disputes. The system guarantees a minimum price for the products that farmers produce, based on production costs and market conditions, and it ensures farmers have a guaranteed income based on the quota they hold. It also means availability of locally-produced, high-quality, Canadian-made products with a higher standard than many other jurisdictions have.
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