Free Republic

You might have to read this post twice to make sure your eyes didn’t deceive you. This article is actually completely different from my recent pieces on stealth inflation, but is even more infuriating. In this case, a grocery store called Fresh Markets decided to sell milk at a bargain basement price as part of a promotion, yet the state has deemed the price “too low.” As a result, the chain is being forced to raise the price. Yep, at a time when millions are struggling every day to make ends meet, this is what the state of Louisiana has...

Not sure about the posting rules for this one, so just click the link.

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...

Since allegations of oil company price-gouging have become topical, let's look at real price manipulation. Suppose a dairyman wants to sell a gallon of milk for 25 cents less than his competitors, would you want him fined or jailed? Federal Milk Marketing Orders would do just that. Americans pay four times the world price for sugar as a result of tariffs and quotas on foreign imports. That leads to higher profits and wages in the sugar industry and higher prices for sugar products. Since consumers are far more numerous than businessmen, one might ask how in the world is it...

WASHINGTON - Consumers are likely to see milk prices rise, probably to record levels, because the Agriculture Department is raising the minimum price paid to farmers to a record high, dairy experts say. The department announced Friday it is raising the new minimum price for farmers to $1.69 per gallon, a 50-cent increase. The previous record was $1.40 per gallon in February 1999.