Reviewing last weeks’ post:
Marketing Boards can be categorized by ‘levels’, each with increasing regulations and authority:
- Promotional Boards
- Price Negotiating Boards
- Price Establishing Boards
- Supply Management with marketing quotas
Further description of the ‘levels’, each one builds upon the previous:
- Restricted to organizing and financing research and promotional projects aimed at stimulating demand for the particular agricultural product.
- Also delegated the authority to negotiate prices with processors through negotiated agreements or arbitration.
- Also establishes prices after an evaluation of market conditions and consultation with buyers.
- Also establishes prices through negotiated agreements or arbitration but in this case production is regulated with marketing quotas in order to ensure a balance between supply and demand.
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