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

Discussion in 'General' started by gotholesinmysocks, Dec 27, 2012.

  1. gotholesinmysocks

    gotholesinmysocks

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    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 :smh:



    Feel bad for dudes with more than one kid. That milk goes quick.
     
  2. freeze

    freeze

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

    guzzy

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    [​IMG]Good gawd
     
  4. rocman23

    rocman23

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    no more cereal for me.

    people will be turning tricks to get some trix
     
    whyhellothere, bence23, ao17 and 2 others like this.
  5. pr0phecy718

    pr0phecy718

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    Damn
     
  6. rjboy44

    rjboy44

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    Damn we give our kids organic milk and that stuff is 5.99 a gallon. If this does happen [​IMG]  [​IMG]
     
  7. david bowman

    david bowman

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    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.
     
  8. nazdrowie

    nazdrowie

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    i still drink lots of milk...skim with HFC-free chocolate syrup [​IMG]...

    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 [​IMG]
     
  9. luckyluchiano

    luckyluchiano

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    I drink Almond Milk.... I`m worried about dat der ice cream doe.
     
  10. boris

    boris

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    Milk is disgusting anyways. 
     
  11. ez money

    ez money

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

    whyhellothere

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    :smh: :\

    [​IMG]

    :stoneface:
     
    toughmoney likes this.
  13. AZwildcats

    AZwildcats

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    :smh: big fan of milk. if it were $8.99 a gallon I would probably still pay
     
  14. gotholesinmysocks

    gotholesinmysocks

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    How much out there?
     
  15. af1 jordan collecterz

    af1 jordan collecterz

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    many saturday mornings will be ruined.
     
  16. bence23

    bence23

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    half gallons ftw
     
  17. gotholesinmysocks

    gotholesinmysocks

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    That will go up too.
     
  18. RustyShackleford

    RustyShackleford

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    Dem protein powder prices will be outta control :smh:
     
  19. Koncrete Kickz

    Koncrete Kickz

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    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
     
  20. papageorgeo510

    papageorgeo510

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    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.
     
    Last edited: Dec 27, 2012