Come Tuesday, grocery bills could be higher with a potential hike in milk prices looming. On Jan. 1, diary price supports will expire if Congress does not pass a new farm bill or extend the current one. If Congress fails to do so, which it could attach to any “fiscal cliff” legislation to renew tax cuts, the Agriculture Act of 1949 would again become legally effective.
Milk prices could rise without federal action
End of price supports could drive costs to $7-$8 a gallon, some fear
