Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/23/2012 (2 years 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 (2 years 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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Home & Food

8 incredible ways to spice up a traditional grilled cheese sandwich Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Cheese and bread are two of the best things that have been combined together, to fill stomachs and be enjoyed by our taste buds. Here, with some help from BuzzFeed, we note 8 ways you can prepare and be proud of your grilled cheese sandwiches. MUNTINLUPA, PHILIPPINES ... continue reading


12 easy to cook cheap meals for when your budget is tight Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

When payday is still far away and you've got little money left for food, with some help from BuzzFeed, we suggest you prepare these simple meals that will satisfy your hunger pangs but won't eat up the rest of your budget. 1. Delicious Stir-Fried Beef and ... continue reading


The 15 strangest ways to serve avocados Watch

Image of Avocados can be served in many different ways.

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Avocados are popular as guacamole and dips, even in smoothies and salads. Scientifically, avocados are healthy. They are considered one of the healthiest foods -- a super food. MUNTINLUPA, PHILIPPINES (Catholic Online) - According to Web MD, avocados contain about 20 ... continue reading


Bacon is good for you? Here are 5 incredible reasons bacon actually helps your body Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Bacon is one of the most popular foods ever created; more and more people crave the crunchy, sweet and salty piece of meat. People even express the love they have for it by celebrating a nonofficial, International Bacon Day. MUNTINLUPA, PHILIPPINES (Catholic Online) - ... continue reading


Do 'superfoods' really exist? One study takes a closer look at the magic of blueberries Watch

Image of

By Hannah Raissa Marfil

Once again, the case of "superfoods" has been tried to see whether they are really worth the cash and the hope of good health. A show conducted a trial at Newcastle University, after recruiting five ordinary women to test whether eating blueberries regularly does have ... continue reading


Green potatoes? Must be St. Patrick's Day Watch

Image of COLCANNON DELIGHT - Everyone thinks of corned beef and cabbage on St. Patrick's Day, but this unique Irish dish made with potatoes and kale can become the hit of the meal.

By Augusta Scattergood (The Christian Science Monitor)

My younger daughter was born one day shy of St. Patrick's Day. We named her Kate for her Great-Aunt Kitty because we loved the name, not because she was Irish. I didn't understand then that a strong ancestral link could be forged with a country across the sea. My ... continue reading


'What's for dinner?' 15 of the strangest things people actually eat Watch

Image of weirdworldfacts.com

By Hannah Raissa Marfil (NEWS CONSORTIUM)

People often disagree on eating certain things. From exotic animal body parts and things not considered food in general to some items' wild preparations, various delicacies are available for those seeking palate adventures. Some are even rated deliciously. [media ... continue reading


Experts say skipping meals and fasting could be healthier than eating three full meals a day Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Eating three square meals a day - breakfast, lunch and dinner - is not necessarily helping our health, according to various studies by experts. In a recent report by the Mother Jones website, it is said that there are no actual evidence that support the practice of ... continue reading


First protien-counting Smart Jar promises to push your kitchen to the next level Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

If you're having a difficult time measuring nutrition, the solution will soon be available. Neo Smart Jar by SKE Labs is officially the first high-tech jar innovation that can be connected to the Internet and can be synced to personal devices. MUNTINLUPA, PHILIPPINES ... continue reading


Stop making excuses! 8 easy tips on how to eat healthier Watch

Image of

By Abigail James (NEWS CONSORTIUM)

When it comes to food, it's easy to get into the same bad habits. Sometimes it's easier to go for the fast food rather than making your own meal. Sometimes it's just cheaper to get the fattier foods. LOS ANGELES, CA (Catholic Online) - It's also so easy to switch up ... 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, Acts 6:1-7
1 About this time, when the number of disciples was ... Read More

Psalm, Psalms 33:1-2, 4-5, 18-19
4 The word of Yahweh is straightforward, all he does ... Read More

Gospel, Luke 24:35-48
16 That evening the disciples went down to the shore ... Read More

Saint of the Day

Saint of the Day for April 18th, 2015 Image

St. Apollonius the Apologist
April 18: Martyr whose Apologia, or defense of the faith, is considered ... 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