An $8 gallon of milk? That's what you could be seeing at the supermarket, if Congress doesn't pass a new farm bill soon.
Why the possible jump off the so-called "dairy cliff" and potential price hike? The farm bill from 2008 — which overrode legislation from back in 1949 — is set to expire at the end of the year, CNBC reported.
Without a farm bill, the law would revert to the 64-year-old permanent one, which would require the government to buy dairy products at about twice the market rate. That old law was enacted when the dairy industry was far less efficient and far smaller than it is today, NPR explained.
U.S. Secretary of Agriculture Tom Vilsack told NPR that due to the increased price the government would have to pay, dairy producers would be forced to sell to the government in large quantities — causing shortages in stores and ultimately major price hikes.
That would hit Americans' wallets hard.
"In most cases, it's the reason why we've had fairly routine extensions of the farm bill for the past 50 years," he told NPR.
The deadline to extend the 2008 farm bill comes at the end of the year, and according to Chris Galen, senior vice president of communications for the National Milk Producers Federation, "gridlock on Capitol Hill" is why a vote for a new bill is being pushed to the last minute.
"It's very similar to the showdown and shutdown we had in October," he told CNBC.
CNBC reported that if Congress fails to pass a new farm bill, there could be a 9 percent drop in domestic dairy demand, and the dairy export industry could essentially disappear.
http://www.nbcdfw.com/news/national-int ... 79051.html
$8 for a gallon of milk?
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Bob Juch
- Posts: 27133
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- Location: Oro Valley, Arizona
- Contact:
$8 for a gallon of milk?
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
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jaybee
- Posts: 1922
- Joined: Mon Oct 08, 2007 8:44 pm
- Location: Knoxville, TN
Re: $8 for a gallon of milk?
You can bet we are watching this one intently. Thanks to having the three man-children still living at home, we consume just under 2 gallons of milk each and every day. The only good thing about $8 a gallon milk is that if we get used to it then when our young men do manage to jump out of the parental nest, we will have a fortune in cash flow money available.
Jaybee
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themanintheseersuckersuit
- Posts: 7635
- Joined: Mon Oct 08, 2007 6:37 pm
- Location: South Carolina
Re: $8 for a gallon of milk?
Its almost as if government interference in the market has unfortunate consequences.
Suitguy is not bitter.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
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themanintheseersuckersuit
- Posts: 7635
- Joined: Mon Oct 08, 2007 6:37 pm
- Location: South Carolina
Re: $8 for a gallon of milk?
Meanwhile in Venezuela and Argentina....
Suitguy is not bitter.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
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BackInTex
- Posts: 13745
- Joined: Mon Oct 08, 2007 12:43 pm
- Location: In Texas of course!
Re: $8 for a gallon of milk?
The good news is that if you like your milk you can keep it.
..what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? let them take arms.
~~ Thomas Jefferson
War is where the government tells you who the bad guy is.
Revolution is when you decide that for yourself.
-- Benjamin Franklin (maybe)
~~ Thomas Jefferson
War is where the government tells you who the bad guy is.
Revolution is when you decide that for yourself.
-- Benjamin Franklin (maybe)
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Bob Juch
- Posts: 27133
- Joined: Mon Oct 08, 2007 11:58 am
- Location: Oro Valley, Arizona
- Contact:
Re: $8 for a gallon of milk?
I don't drink milk and object to my tax money being used to buy it.
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
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BackInTex
- Posts: 13745
- Joined: Mon Oct 08, 2007 12:43 pm
- Location: In Texas of course!
Re: $8 for a gallon of milk?
Bob Juch wrote:I don't drink milk and object to my tax money being used to buy it.
But you are ok with my tax money buying things for others that I don't use.
..what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? let them take arms.
~~ Thomas Jefferson
War is where the government tells you who the bad guy is.
Revolution is when you decide that for yourself.
-- Benjamin Franklin (maybe)
~~ Thomas Jefferson
War is where the government tells you who the bad guy is.
Revolution is when you decide that for yourself.
-- Benjamin Franklin (maybe)
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tlynn78
- Posts: 9617
- Joined: Tue Oct 09, 2007 9:31 am
- Location: Montana
Re: $8 for a gallon of milk?
BackInTex wrote:Bob Juch wrote:I don't drink milk and object to my tax money being used to buy it.
But you are ok with my tax money buying things for others that I don't use.
Priceless.
When reality requires approval, control replaces truth.
To argue with a person who has renounced the use of reason is like administering medicine to the dead. -Thomas Paine
You can ignore reality, but you can't ignore the consequences of ignoring reality. -Ayn Rand
Those who can make you believe absurdities, can make you commit atrocities. -Voltaire
To argue with a person who has renounced the use of reason is like administering medicine to the dead. -Thomas Paine
You can ignore reality, but you can't ignore the consequences of ignoring reality. -Ayn Rand
Those who can make you believe absurdities, can make you commit atrocities. -Voltaire
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Bob Juch
- Posts: 27133
- Joined: Mon Oct 08, 2007 11:58 am
- Location: Oro Valley, Arizona
- Contact:
Re: $8 for a gallon of milk?
I hope you realize I was facetiously sounding like a Republican.BackInTex wrote:But you are ok with my tax money buying things for others that I don't use.Bob Juch wrote:I don't drink milk and object to my tax money being used to buy it.
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
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macrae1234
- Posts: 2307
- Joined: Tue Oct 09, 2007 1:57 pm
- Location: The Valley of the Sun
Re: $8 for a gallon of milk?
Can someone explain why 80% of the appropriations for the farm bill are for food stamps?
We make a living by what we get, we make a life by what we give.
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macrae1234
- Posts: 2307
- Joined: Tue Oct 09, 2007 1:57 pm
- Location: The Valley of the Sun
Re: $8 for a gallon of milk?
Can someone explain why 80% of the appropriations for the farm bill are for food stamps?
We make a living by what we get, we make a life by what we give.
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Bob Juch
- Posts: 27133
- Joined: Mon Oct 08, 2007 11:58 am
- Location: Oro Valley, Arizona
- Contact:
Re: $8 for a gallon of milk?
Because Congress hasn't taken that out of it yet. The program started out as a way to use surplus farm products ("government cheese") but has transmogrified to what it is today. The USDA shouldn't have anything to do with it.macrae1234 wrote:Can someone explain why 80% of the appropriations for the farm bill are for food stamps?
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
-
themanintheseersuckersuit
- Posts: 7635
- Joined: Mon Oct 08, 2007 6:37 pm
- Location: South Carolina
Re: $8 for a gallon of milk?
http://www.thedailybeast.com/articles/2 ... hit-7.html
The 1949 bill mandates that the secretary of agriculture set a floor on prices for the milk sold by producers (usually dairy cooperatives) at what’s known as the parity price. According to the 1949 bill, that price is $39.53 per hundred pounds (PDF). The prevailing price for dairy producers is closer to $19 or $20 per hundred pounds. That $39.53 translates to roughly doubling milk prices, which means that the price for a gallon of milk would go up to about $7.
Suitguy is not bitter.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.