Counting the real cost of COP for UK dairy.

The author discusses the potential impact of Cost of Production (COP) contracts on the British dairy industry. The author argues that COP contracts do not provide competitiveness and efficiency, which are what the industry needs. He claims that COP contracts contribute to the creation of the dysfunctional market that the industry finds itself in. He adds that the fact that there is a cap on milk price but no bottom discourages new entrants from joining the industry, hence stifling growth.