Contact Us

How Would The Fiscal Cliff Affect You? Milk Prices Could Double To Over $6 A Gallon

Source: IBjorn via flickr

Everyone’s waiting and watching the Fiscal Cliff news this holiday season – and the affects of a “non-deal” would be staggering to the average American.  And while everyone is aware of the approximately $2,500 increase on middle-income taxpayers, one fact has largely been ignored by the press – and could prove to be equally as spendy:  A failed farm bill from this summer would see milk prices double to more than $6 a gallon.

The price of milk is set by the Agricultural Act of 1949. Every time a new farm bill is passed, the new bill takes the place of the 1949 Act. However, if no new bill or extension is passed, the old act is back in force. With the market conditions of today as compared to 1949, that would be disastrous for the price of milk.

Soaring milk prices would greatly affect families with children – who can consume gallons of milk each week.

Washington insiders are pushing Congress to not just pass an extension but rather a new bill that would replace the 1949 act – to avoid situations like this all together.

 

Milk could slam into fiscal cliff at $6 per gallon if Congress doesn’t act soon – Atlantic City Headlines | Examiner.com.

More from KOOL 101.7

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kool1017.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Kool 101.7 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on Kool 101.7 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!