Lawmakers say they’re far from reaching agreement on a new farm bill, but farmers and consumers needn’t fear. The prospect of $10-a-gallon milk next year likely will ensure that Congress passes some kind of extension of the 2018 farm bill by early 2024.
oh, no, my precious white gold! no! oh, oh, oh, save you for a rainy day! and there is growing panic about the fact that they may have to pay for milk if congress doesn t act soon on the farm bill. with consumers now staring down what has been called the dairy cliff, the reason we appear to be heading over the cliff is because congress, the least productive in history based on the number of bills that have passed, has failed to pass the legislation that more or less congress always figures out a way to get done. now the panic over the dairy cliff shows stark reality, one i bet most americans are not aware of. the price of milk today is not the hand of the invisible hand of the market, it is a result of subsidies and controls that are part of our very interventional
american families could see milk prices spike to $7 a gallon if congress can t pass a farm bill by the end of the year. oh, no, my precious white gold! no! oh, oh, oh, save you for a rainy day! and there is growing panic about the fact that they may have to pay for milk if congress doesn t act soon on the farm bill. with consumers now staring down what has been called the dairy cliff, the reason we appear to be heading over the cliff is because congress, the least productive in history based on the number of bills that have passed, has failed to pass the legislation that more or less congress always figures out a way to get done. now the panic over the dairy cliff shows stark reality, one i bet most americans are not aware of.
no! oh, oh, oh, save you for a rainy day! and there is growing panic about the fact that they may have to pay for milk if congress doesn t act soon on the farm bill. with consumers now staring down what has been called the dairy cliff, the reason we appear to be heading over the cliff is because congress, the least productive in history based on the number of bills that have passed, has failed to pass the legislation that more or less congress always figures out a way to get done. now the panic over the dairy cliff shows stark reality, one i bet most americans are not aware of. the price of milk today is not the hand of the invisible hand of the market, it is a result of subsidies and controls that are part of our very interventional patchwork.
whether the federal reserve will keep pumping money into the economy, checking the big board right now, it s down almost 73 points. we ll continue to watch. right now the dow jones down almost 73. members of congress who is have been unable to pass a farm bill all year admit they probably won t get the job done in 2013. if they don t reach a deal in january, we could see milk prices skyrocket. guess what, to $7 a gallon. athena jones is covering the story for us here in washington. tell us what s going on. give us the background, a lot of people don t pay a whole lot of attention to the farm bill in congress. no, they don t but they pay attention when they go to the supermarket. folks are calling it the dairy cliff. it s a cliff we don t want to go over. it s not just milk that would be affected. current law affecting price supports expires at the end of the year. if there isn t a new farm bill, we ll revert to permanent law, that s a law put in place back in 1949. under that law, th