Milk prices could double if farm bill fails to pass - WDRB 41 Louisville News

Milk prices could double if farm bill fails to pass

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LOUISVILLE, Ky. (WDRB) -- The price of milk could double if Congress fails to pass a farm bill.

Currently, the national average for a gallon of milk is $3.47. Analysts say that price could soar above $7 if subsidies for dairy producers expire.

Secretary of Agriculture Tom Vilsack says if the subsidies expire, the government would be required to buy milk, butter and cheese at double the going rate.

"So the producer has the choice of selling it to me, the USDA or their normal processor," Vilsack said. "Obviously, they're going to sell it to me and that creates shortages for the processors and that could lead to shortages in the grocery store."

Congress must also reach an agreement on food stamps and crop insurance before the end of the year.

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