Milk Prices Could Double in the New Year

Milk Prices Could Double in the New Year

We warned about this in October, and Congress still hasn’t fixed it. CNN reports…

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.

That bill expired this summer, so prices may jump starting January 1.

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