Mises Wire
Author:
Sudha R. Shenoy
Online Publish Date:
Americans are paying as much as $14.99 a lb for beef. This compares to $2.48-3.10 a lb in Australia (converting from $A per kilo.). One reason: US quotas on beef imports from Australia . “Since 1995, the US beef market has operated under a quota with county specific allocations to major supplies. Australia has a beef quota of 378,000 tonnes,