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'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for January 2015
General Intention:
That those from diverse religious traditions and all people of good will may work together for peace.
Missionary Intention: That in this year dedicated to consecrated life, religious men and women may rediscover the joy of following Christ and strive to serve the poor with zeal.



Comments


More Home & Food

Has Horn of Plenty begun to run dry? Wheat, chicken and rice slowing in growth Watch

Image of Current research has found the supply of 21 staples, such as eggs, meat, vegetables and soybeans is already beginning to run out of momentum. The world population in the meantime continues apace.

By Catholic Online (NEWS CONSORTIUM)

Famine is a problem that looms large in many developing nations. Such countries lack an agricultural infrastructure and are bound to the whims of Mother Nature, such as fire, drought and blizzards. In reality, the entire world may be faced with global food ... continue reading


Pesky cravings mean something! Your body is trying to tell you what it's missing: Here are some of those hidden messages Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Cravings can be quite bothersome at times, but they're not there solely to bug you. Cravings are your body's way of letting you know it's missing something important. LOS ANGELES, CA (Catholic Online) - Our bodies maintain the balance of vitamins and minerals by ... continue reading


You may want to FLEE these fries - McDonald's includes silicone in the ingredients! Watch

Image of A large serving of the finished product contains 510 calories, six grams of protein, 24 grams of fat, 67 grams of carbs and 290 milligrams of sodium.

By Catholic Online (NEWS CONSORTIUM)

Mythbusters host Grant Imahara declared - perhaps too soon, "Potatoes, thank goodness! That's a good start," when he went to study all the ingredients used in the McDonald's French fries. Call them "freedom fires," is you will - what he uncovered would probably ... continue reading


Do you know how dirty that bath towel really is? 'Good Housekeeping' reveals secrets to basic everyday cleaning Watch

Image of The inside of a toilet should be cleaned once a week, according to Meaghan Murphy of Good Housekeeping.

By Abigail James (NEWS CONSORTIUM)

That towel you just used still looks clean, right? How dirty can your bed sheet really be? How about your phone, does it need to be cleaned? LOS ANGELES, CA (Catholic Online) - Good Housekeeping's Meaghan Murphy reveals the secrets to basic cleaning for Today. Bath ... continue reading


Study: Delicious, creamy avocados are GOOD FOR YOU - and may lessen heart attack risk Watch

Image of A daily helping of avocado can replace unhealthy fats in the diet with a healthier version.

By Catholic Online (NEWS CONSORTIUM)

While delicious, avocados are thought of something to avoid in a thoughtful diet. Now, doctors say that a daily avocado can help improve bad cholesterol levels. Furthermore, the "avocado diet" also improves other blood fat scores linked to heart disease, even ... continue reading


Coffee to help you sleep? Counting Sheep Coffee does the unthinkable and promises a good night's rest by drinking coffee. Watch

Image of Counting Sheep Coffee promises a restful night after a cup of their specialty brew.

By Abigail James (NEWS CONSORTIUM)

Trying to fall asleep at night can be a relentless battle for many people. They try everything from laying completely still in total darkness to counting sheep. LOS ANGELES, CA (Catholic Online) - What if I told you drinking coffee could be the solution you've been ... continue reading


Get your oven mitts ready, it's time to bake Christmas cookies! Watch

Image of A Christmas isn't complete without Christmas cookies on the table.

By Abigail James (NEWS CONSORTIUM)

Logs are burning in the fireplace and a sweet holiday tune escapes from the stereo. Christmas is here and it's time to break out those eggs and start the baking. LOS ANGELES, CA (Catholic Online) - Whether you're a solo baker or have enlisted the help from the younger ... continue reading


What you've always thought about high blood pressure may be wrong! Sugars have more impact on your heart than previously presumed Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Lowering high blood pressure and preventing heart disease is vital; heart disease is the number one cause of premature death in the developed world. LOS ANGELES, CA (Catholic Online) - Studies show high blood pressure is heart disease's most important risk factor, ... continue reading


Delicious, but not nutritious -- you may want to give up Chicken McNuggets after reading this Watch

Image of What exactly goes into those great tasting - but highly suspect Chicken McNuggets by McDonalds? The world wants to know as many suspect - it isn't chicken!

By Troy Dredge, Catholic Online

What exactly goes into those great tasting - but highly suspect Chicken McNuggets by McDonalds? The world wants to know as many suspect - it isn't chicken! In response, the fast-food monarch has released a new video detailing the process - which is not very ... continue reading


Do you take aspirin everyday? Uh-oh, you'd better read this! Watch

Image of An aspirin a day can pose more risks than benefits for women under 65.

By Catholic Online (NEWS CONSORTIUM)

Does an aspirin a day keep women's heart attacks away, or does it merely bring along more risking medical problems? According to Healthday News, researchers found that, in women younger than 65, taking a low dosage of aspirin over years did reduce the risks of heart ... 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, Deuteronomy 18:15-20
15 Yahweh your God will raise up a prophet like me; ... Read More

Psalm, Psalms 95:1-2, 6-7, 7-9
1 Come, let us cry out with joy to Yahweh, acclaim ... Read More

Gospel, Mark 1:21-28
21 They went as far as Capernaum, and at once on the ... Read More

Reading 2, First Corinthians 7:32-35
32 I should like you to have your minds free from all ... Read More

Saint of the Day

Saint of the Day for February 1st, 2015 Image

St. Brigid of Ireland
February 1: Brigid was probably born at Faughart near Dundalk, Louth, ... 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