Schumer: Lawmakers Must Act To Prevent Massive Potential Increase Of Milk Prices September 30, 2012 11:37 AM NEW YORK (CBSNewYork) – The price of a gallon of milk could skyrocket if the Farm Bill is not renewed by the end of the year, according to Democratic Sen. Charles Schumer. Schumer held a news conference Sunday to urge his fellow lawmakers to act quickly on the bill, which expires today. If the measure is not renewed, Schumer said economists estimate milk prices could double in New York by January 1st. A gallon of milk could surpass $6 if no action is...