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A gallon of milk could be priced at $8 by 2014 if the House and Senate don't agree on a new farm policy for dairy products.
If legal action isn't taken before 2014, the United States farm policy would revert back to "permanent" law, which would be the 1949 farm bill, according to NPR.
"In 1949, the dairy industry was much smaller and less efficient than the one that exists today, so it received bigger price supports from the federal government. And if U.S. policy reverted to the old law, the government would be forced to go into the marketplace and buy milk, butter and cheese at about double the going rate," NPR reported.
sheepslayer247
There is no reason for the government to subsidize any sort of farm product. The farm bills usually are created to push taxpayer money to those that own large amounts of land and/or animal factories.
I hope they do not pass another bill and let's let these people price their products based on supply and demand. If they price a gallon of milk at $8......they will go out of business and they know it.
So I would say that we will not see $8 a gallon for milk.
sheepslayer247
There is no reason for the government to subsidize any sort of farm product. The farm bills usually are created to push taxpayer money to those that own large amounts of land and/or animal factories.
I hope they do not pass another bill and let's let these people price their products based on supply and demand. If they price a gallon of milk at $8......they will go out of business and they know it.
So I would say that we will not see $8 a gallon for milk.