If the U.S. House of Representatives doesn’t pass a new Farm Bill by Dec. 31, milk prices could hit about $7 a gallon in grocery stores, Sen. Charles Schumer (D-NY) predicted.
On average, a gallon of milk costs about $3.53 nationally, according to the Bureau of Labor Statistics. Schumer predicted the price of milk and other dairy products could skyrocket if the House doesn't act.
“There’s no use crying over spilled milk, but with prices like that, it’ll cause some to weep,” he said.
In a conference call, Schumer urged the House to pass the bipartisan Senate Farm Bill in order to avoid “the dairy cliff,” which would hurt consumers and farmers alike. The bill was approved in the Senate, 63-45, last June.
The Farm Bill is enacted every five to seven years and provides farm and food policy for the United States.
Details for this stroy were provided by the Lockport (N.Y.) Union-Sun & Journal.