Supply management: a poor investment?

Canada's Public Sector Pension Investment Board is expanding its New Zealand dairy holdings.

Emerald Dairy Farm, which is indirectly owned by the Canadian pension fund known as PSP Investments, was granted consent to buy a 280 hectare dairy farm near Oxford in North Canterbury by the Overseas Investment Office.

Bit surprising that Canadians would want to have anything to do with NZ dairy, given the supreme unquestionable awesomeness of supply management.