Milk farmers fiscal cliff department of agriculture

6

Milk prices may double in new year (because of govt intervention)

http://www.local10.com

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.

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Jking8767's picture
Created by Jking8767 1 year 16 weeks ago – Made popular 1 year 16 weeks ago
Category: Regulation   Tags:

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