Why the Cost of Milk Could Skyrocket
It is no secret that our current Congress doesn’t agree on much. Which is why the upcoming farm bill deadline is somewhat alarming.
With lawmakers focusing of other priorities on Capitol Hill, the farm bill seems to have taken a back seat to other issues. Currently, the farm bill sets policy for farm subsidies, the food stamps and other rural development projects.
If Congress allows the current farm bill to expire, 1930s and 1940s-era farm law would kick in, as much as quadrupling the price that the government pays to purchase dairy products. If the government paid that high a price, the cost would be reflected at grocery stores.
Can you imagine the cost of a gallon of milk to quadruple?
Rep. Kristi Noem, R-S.D., one of the negotiators on the conference committee, says her constituents aren’t concerned with the differences between the House and Senate versions of the bill, but they just want to see a bill pass.
Some western South Dakota farmers and ranchers are feeling the effects of the expired bill already. An early October blizzard killed thousands of cattle, and a federal disaster program that could have helped cover losses has expired.
Members of the House and Senate are scheduled to begin long-awaited negotiations on the 5 year, roughly $500 billion bill this week.
This will be a good time for both sides of the political fence to come together and get something finalized before the last minute of a deadline looms. After all, isn’t this what we teach our kids when it comes to homework and school projects?
source: The Associated Press contributed to this report.
source: NBC News