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Practice Reading: Fill in the Blanks (Dropdown)
ID: #4481
Milk
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For many years, agricultural unions have been protesting about the retail price of milk, believing that it is too low to cover the cost of production and that it will force many dairy farmers of business. Indeed, today there are fewer than 10,000 dairy farmers in the UK as compared to 36,000 in 1995. This downward trend with the deregulation of milk prices in 1984, when the traditional small-business milkman, who delivered door to door, could no compete with local shops where milk could be purchased at a much lower price. Competition became even fiercer with the expansion of supermarket chains, and now a litre of milk is at its lowest price .
There are fears that this problem will be compounded further if the European Union abolishes its quota system, which the amount of milk a farmer can produce. It would mean that, in the future, some large dairy companies could dramatically increase their production and sale of milk in order to offset falling profits—a change that would completely destroy the UK dairy industry.
There are fears that this problem will be compounded further if the European Union abolishes its quota system, which the amount of milk a farmer can produce. It would mean that, in the future, some large dairy companies could dramatically increase their production and sale of milk in order to offset falling profits—a change that would completely destroy the UK dairy industry.
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