True or False: The supply and price of milk in Canada are controlled by provincial marketing boards.

The statement is true because, in Canada, the supply and price of milk are indeed regulated by provincial marketing boards. These boards establish quotas for milk production and set the prices that farmers are paid for their milk, which helps to stabilize the dairy market and ensure a consistent supply of milk. This system is designed to support dairy farmers by creating fair prices and to manage the overall supply of milk in a way that meets provincial needs.

While the regulation primarily applies to all types of milk, it is particularly prominent in fluid milk production because it is closely consumed and sensitive to fluctuations in supply. Some provincial marketing boards may have specific regulations that apply differently to fluid milk compared to other dairy products, such as cheese; however, the overarching principle remains that the supply and price are controlled through these boards.