Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/23/2012 (1 year ago)

Catholic Online (www.catholic.org)

Agricultural bill, if left unaddressed could lead to doubling of milk prices

If an agricultural bill goes unaddressed by lawmakers before the touted "fiscal cliff," the United States could be looking at a new meaning for the phrase "cash cow." A gallon of milk could climb as high as $7 a gallon in 2013, some analysts predict.

If an agricultural bill goes unaddressed by lawmakers before the touted 'fiscal cliff,' the United States could be looking at a new meaning for the phrase 'cash cow.' A gallon of milk could climb as high as $7 a gallon in 2013, some analysts predict.

If an agricultural bill goes unaddressed by lawmakers before the touted "fiscal cliff," the United States could be looking at a new meaning for the phrase "cash cow." A gallon of milk could climb as high as $7 a gallon in 2013, some analysts predict.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/23/2012 (1 year ago)

Published in Home & Food

Keywords: Milk, milk prices, Congress, market, cows, dairy farmers


LOS ANGELES, CA (Catholic Online) - How will prices in the dairy aisle be just as terrifying as a trip to the gas station? The scenario will go something like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has an agreement that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

This bill expired last summer. Since then, Congress has been unable to agree on a new one. Several protections for farmers have already expired. Even more are scheduled to expire over the coming months. One of them is the dairy subsidy, which expires on New Year's Day.

The law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that agreement, the government would be forced to buy milk at twice today's price - bad news at the grocery store.

"If you like anything made with milk, you're going to be impacted by the fact that there's no farm bill," U.S. Secretary of Agriculture Tom Vilsack told CNN's Candy Crowley late last year.

"Consumers are going to be a bit shocked when instead of seeing $3.60 a gallon for milk; they see $7 a gallon for milk. And that's going to ripple throughout all of the commodities if this thing goes on for an extended period of time," Vilsack said.

Dairy farmers won't necessarily benefit from the new sky-high prices. While it might provide a short term boost to profits, there's a fear that consumers would either cut back on dairy or opt for imported dairy products, Chris Galen, a spokesman for the National Milk Producers Federation says. The group represents over 30,000 dairy farmers.

It could also force food makers to search for alternatives to dairy, like soy. "We call it the dairy cliff," Galen said.

Congress could step in swiftly to act upon this problem.

Galen said the government would have to issue a notice saying it was going to pay the increased price for dairy products, then set up a schedule for when purchases would start. "It's not like people would dump blocks of cheese on the USDA's front lawn January first," he said.

To prevent the price spike, Congress either needs to extend the current bill, pass a new bill, or enact some provision to keep the 1949 law from taking effect.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2014
Peace:
That the Lord may grant peace to those parts of the world most battered by war and violence.
World Mission Day: That World Mission Day may rekindle in every believer zeal for carrying the Gospel into all the world.



Comments


More Home & Food

Americans thinking healthy, and Coca-Cola and McDonald's suffer as a result Watch

Image of Americans have fallen out of love with high-sugar, high-calorie fizzy drinks and are seeking healthier alternatives instead.

By Catholic Online (NEWS CONSORTIUM)

It's fast and inexpensive and not good for you - and since Americans are becoming more health conscious, or desire higher quality fare, such junk food staples such as McDonald's and Coca-Cola are feeling the pinch. As iconic American as both companies are, more ... continue reading


McDonald's reveals that 'pink slime' is no longer used in their food on TV tour Watch

Image of Various rumors that have swirled around their food, even long before the Internet age, such as the claim that their hamburgers never decomposed. McDonald's is now tackling those rumors head on.

By Catholic Online (NEWS CONSORTIUM)

McDonald's, the world's preeminent producer of processed fast food welcomed a crew from TV's "Good Morning America" into their California plant. It was all part of an "Our Food, Your Questions" series to dispel some of the rumors surrounding that a former ... continue reading


Taste challenge: Are these America's best burgers? Watch

Image of Zagat has released a survey of the best burgers in the United States.

By Catholic Online (NEWS CONSORTIUM)

Zagat has released a survey of the best burgers in the United States. Sure to inspire controversy and more than a little debate - all of it involving delicious seared beef patties and freshly cooked buns, the winners range from fast food winners In-N-Out ... continue reading


Add a note of sophistication to your home with mood lighting Watch

Image of Creating mood lighting can be inexpensive and fulfill the homeowner's creativity in making their surroundings more conducive to making a more romantic and intimate living space.

By Catholic Online (NEWS CONSORTIUM)

An environment with full, bright lighting is good for entertaining and workaday activities. However, in order to bring a feeling of relaxation that enhances surroundings, softer light sources - herein referred to as "mood lighting," can enhance any home. Creating ... continue reading


Enjoy a SNEAK PREVIEW of our 72-hour sale on popular medals and jewlery!

Image of How many discounted items can you find?

By Catholic Online (NEWS CONSORTIUM)

Starting Friday at midnight, Catholic Shopping .com will have a 72-hour sale that will give you 15 percent off all Bliss-manufactured items. These items include our most popular medals and crosses and other religious jewelry. However, readers and fans of Catholic ... continue reading


Bring family, friends together for a sizzling pizza night! Watch

Image of As for toppings - the sky is the limit. Hamburger, sausage, anchovies, even slices of steak are recommended for meat lovers.

By Catholic Online (NEWS CONSORTIUM)

The one food that everyone associates with fun is the Italian staple of pizza! The flat breaded concoction topped with vegetables, sauce and meat - to the customer's liking - is associated with sporting events, casual meetings and birthday parties. It's impossible to ... continue reading


Food scale is an essential tool in any diet plan Watch

Image of The best food scale, then, is within your budget; has numbers you can read easily; has a cup or bowl large enough to hold the food you need to weigh; and is easy to clean and store.

By Catholic Online (NEWS CONSORTIUM)

In any effort to lose weight, determining the calories per serving is an essential way to track food intake. A food scale can help any dieter find out how much of their favorite foods they can eat.  LOS ANGELES, ca (Catholic Online) - Experts agree that a ... continue reading


Move over quinoa! There's a new superfood in town Watch

Image of Fonio is a new super grain from Africa, rich in protein and amino acids, but is also low in sugar.

By Catholic Online (NEWS CONSORTIUM)

There are several new kids on the block in the world of superfoods, and many may be coming to supermarkets in the near future. LOS ANGELES, CA (Catholic Online) - Because grains such as quinoa and spelt have proved so popular in the world of health food, nutritionists ... continue reading


Three things that should be in every Catholic home - How many do you have?

Image of Many Catholic homes have a small altar or devotional corner.

By Catholic Online (NEWS CONSORTIUM)

One of the most enjoyable features of a home is that you get to decorate it. It doesn't matter if your home is a room, or a tiny apartment, or a 100-room mansion. What matters is that it's your space and you choose what happens there, including how to decorate it. LOS ... continue reading


Tomato Pie, a Creamy Southern Treat

Image of Yummy tomato pie is sure to please the whole family.

By Veronica Gantley

When the first glorious vine ripened homegrown tomatoes appear in my garden, I get excited! I know that it is Tomato pie time, and soon I will be enjoying thick slices of this creamy Southern Treat. VIRGINIA BEACH, VA - This recipe is best served when tomatoes are at ... continue reading


All Home & Food News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ephesians 4:1-6
1 I, the prisoner in the Lord, urge you therefore to ... Read More

Psalm, Psalms 24:1-2, 3-4, 5-6
1 [Psalm Of David] To Yahweh belong the earth and all ... Read More

Gospel, Luke 12:54-59
54 He said again to the crowds, 'When you see a cloud ... Read More

Saint of the Day

Saint of the Day for October 24th, 2014 Image

St. Anthony Mary Claret
October 24: Claretian archbishop and founder. Anthony was born in Salient in ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter