The Huffington Post says milk prices could top $6 a gallon next year, thanks to a recently expired farm bill that Congress neglected to act on…
The Farm Bill currently regulates the price of milk. Without the bill, milk prices are projected to climb around four times higher than what the current bill permits, which could lead to skyrocketing prices in grocery stores across the country.
That bill paid for a lot of things, ranging from farming subsidies to food stamps. You can read a summary of other effects from the farm bill’s lapse at The Washington Post.
In theory, they could renew it before the end of the year and avoid price hikes. But leaders in Congress have said that won’t happen until at least after the election. Don’t you love politics?
Sign up for our free newsletter
Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's '205 Ways to Save Money' as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.