More explictly: by Greg's argument, the UN should impose a worldwide production limit of 1 million liters of soft drinks per day. Otherwise, the manufacturers like Coke and Pepsi have to give way their products for free, they would go broke, and there would not be enough soft drinks for everybody.
In the EU, farmers are often getting paid to destroy their production if it exceeds specified quotas. Whether it is milk, cotton, peaches or grapes => they'll end up in some landfill.
There are even subsidies to cut down trees, kill your animals etc.
https://en.wikipedia.org/wiki/Common_Agricultural_PolicyProduction quotas and 'set-aside' payments were introduced in an effort to prevent overproduction of some foods (for example, milk, grain, wine) that attracted subsidies well in excess of market prices.
The need to store and dispose of excess produce was wasteful of resources and brought the CAP into disrepute. A secondary market evolved, especially in the sale of milk quotas, while some farmers made imaginative use of 'set-aside', for example, setting aside land that was difficult to farm.