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"Dairy Cliff": Milk prices may double in New Year

post #1 of 80
Thread Starter 
The New Year could push milk prices to $7 a gallon.


NEW YORK (CNNMoney) -- With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going unattended. One of them is the agriculture bill which, if not addressed, could lead to a doubling of the price of milk early next year.

It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.


Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.


But instead of leaving farmers entirely out in the cold, the law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price -- driving up the cost for everyone.


Read more here: http://www.kens5.com/news/184771361.html





The thought of paying up to $8 for milk mean.gif



Feel bad for dudes with more than one kid. That milk goes quick.
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post #2 of 80
ehhh i hate milk...now finally society as a whole can weed it out.
post #3 of 80

sick.gifGood gawd

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post #4 of 80
no more cereal for me.

people will be turning tricks to get some trix
post #5 of 80
Damn
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post #6 of 80

Damn we give our kids organic milk and that stuff is 5.99 a gallon. If this does happen mean.gif sick.gif

post #7 of 80
To be fair, liberals are always talking about getting rid of subsidies. This is one consequence.

I have no problem with it. But I don't have kids so I can see why many would be upset.
post #8 of 80

i still drink lots of milk...skim with HFC-free chocolate syrup pimp.gif...

 

i hope it doesn't happen

 

might have to go back to powered milk like my mother used to buy when i was a child of a different time mean.gif

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post #9 of 80
I drink Almond Milk.... I`m worried about dat der ice cream doe.
post #10 of 80

Milk is disgusting anyways. 

post #11 of 80

Lived in Hawaii for awhile, no biggie to me....

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post #12 of 80
Quote:
Originally Posted by rocman23 View Post

no more cereal for me.

people will be turning tricks to get some trix

mean.gifohwell.gif
Quote:
Originally Posted by Boris View Post

Milk is disgusting anyways.

tumblr_m9shhwPNIS1rym68yo1_400.gif

indifferent.gif
post #13 of 80
mean.gif big fan of milk. if it were $8.99 a gallon I would probably still pay
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post #14 of 80
Thread Starter 
Quote:
Originally Posted by EZ Money View Post

Lived in Hawaii for awhile, no biggie to me....


How much out there?
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post #15 of 80
many saturday mornings will be ruined.
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post #16 of 80
half gallons ftw
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post #17 of 80
Thread Starter 
Quote:
Originally Posted by bence23 View Post

half gallons ftw


That will go up too.
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post #18 of 80
Dem protein powder prices will be outta control mean.gif
post #19 of 80

Im glad i work at a dairy plant all the milk and juice i can chug down.... im not worried about the price of going up, as long as WIC is around ppl will drink milk...

 

I remember as a kid when the price of cereal got out of control and congress actually did something about, hopefully they wake up and pass this farm bill

post #20 of 80
You have to keep in mind that when milk goes up in prices, so does everything else associate with it. This is a big deal that it looks.
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post #21 of 80
Quote:
Originally Posted by papageorgeo510 View Post

You have to keep in mind that when milk goes up in prices, so does everything else associate with it. This is a big deal that it looks.

yep and thats a lot of things
post #22 of 80
Quote:
Originally Posted by Freeze View Post

ehhh i hate milk...now finally society as a whole can weed it out.

this. hopefully cheese stays the same price tho

post #23 of 80
Many more will be lacking cheese

mean.gif
post #24 of 80

They need to start selling Almond milk by the gallon.

post #25 of 80
I think this is a bigger inflation issue than a subsidy running out, regardless of what the article says.
post #26 of 80
Quote:
Originally Posted by rjboy44 View Post

Damn we give our kids organic milk and that stuff is 5.99 a gallon. If this does happen mean.gif  sick.gif

time to switch back to the store brand sick.gif
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post #27 of 80

ice cream frown.gif

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post #28 of 80
Mcdonalds and Burger King Milkshakes will go up too
post #29 of 80
Quote:
Originally Posted by MiamiBoy View Post

Mcdonalds and Burger King Milkshakes will go up too
embarassed.gif
post #30 of 80
Quote:
Originally Posted by Oh YoU MaD View Post

They need to start selling Almond milk by the gallon.


Indeed

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