Tony Pasin (Barker, Liberal Party) Share this | Hansard source

In fact, the member for Kennedy can bluff and bluster all he likes; the industry today is not asking for us to re-regulate the industry. The industry knows that is not the solution. And why is that not the solution? Why would, for example, a floor price on milk be a bad idea? Firstly, it's bad economics; secondly, it's bad for the future of the industry; and, thirdly, as I said, dairy farmers don't want it.

The member for Kennedy lived through this much more than I did, given that I was born in 1977. We only have to turn to the wool industry in the 1970s. In 1974 we established a floor price for wool. Anyone who knows anything about the history of agriculture in this country knows that it was an unmitigated disaster. We got to a point in 1991 where there were 4.7 million bales—

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