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  • Milk Could Skyrocket To $8 A Gallon If Farm Bill Not Passed

    10/29/2013 7:00:50 AM PDT · by rickmichaels · 118 replies
    CBS ^ | October 28, 2013
    The fight over renewing the nation’s farm bill has centered on cuts to the $80 billion-a-year food stamp program. But there could be unintended consequences if no agreement is reached: higher milk prices. Members of the House and Senate are scheduled to begin long-awaited negotiations on the five-year, roughly $500 billion bill this week. If they don’t finish it, dairy supports could expire at the end of the year and send the price of a gallon of milk skyward. KLTV reports that the price of milk could reach $8 a gallon. “We are pretty much at the mercy of the...