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 May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


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


Comments


More Home & Food

9 foods you've been eating wrong all this time Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Food is a major part of our lives, and the way we eat our fruits, vegetables, pastas and other dishes differ from person to person. However, you may be surprised at how many kinds of food you actually have been consuming the wrong way. Read on and find out how to do it ... continue reading


10 foods you thought were vegetarian but aren't Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Whether you are a vegetarian or not, you definitely need to find out the different products, ingredients and other stuff found in the food that you eat. Consider looking into your favorite fruits, vegetables, brand of cereals and candies; you will be surprised to find ... continue reading


Go Nuts! Which nuts are best for your health? Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Choosing a healthy snack can sometimes be an issue. Modern times require us to always be on the go, and sometimes it's difficult to incorporate the task of choosing quickly what type of food can be beneficial for us. MUNTINLUPA, PHILIPPINES (Catholic Online) - People, ... continue reading


Shampoo made from cow urine? Icelandic scientists introduce new 'Q Shampoo' Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Scientists from Iceland launched the "Q Shampoo," made out of cow urine, claiming it is loaded with natural substances that are best for cleaning. Rich in ammonia, one of the main ingredients of hair care products commonly used today, this shampoo has hopes of being ... continue reading


Will Olive Garden's unlimited breadsticks be discontinued? Olive Garden soon to serve breadstick sandwiches Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

There's a new reason why fans of Olive Garden should rejoice. Olive Garden has recently assured that they will be offering more on their menu, very soon. MUNTINLUPA, PHILIPPINES (Catholic Online) - Olive Garden, a semi-Italian food chain, will be making their new ... continue reading


FINALLY! Chipotle reveals secret guacamole recipe Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Fans of Chipotle Mexican Grill have been going nuts over the food chain's latest news. Chipotle's signature guacamole recipe is no longer a secret. You can now prepare their awesome recipe in your own kitchen by just having avocados, cilantro, red onion, jalapeno, lime ... continue reading


13 of the most delicious no-bake pies Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Save time with these delicious no-bake pie recipes and prepare the best dessert for you and your loved ones! MUNTINLUPA, PHILIPPINES (Catholic Online) -  With some help from BuzzFeed, here are 13 wonderful pies.1. Rum and Peanut Butter Pie[media id="5371"]Surprise ... continue reading


15 healthy and easy to prepare meals for when you're eating all alone Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

If you wake up late in the morning or come home late from work or school, you no longer have to worry about having to prepare for a full meal. You can now whip out these easy to prepare and healthy dishes for one, thanks to BuzzFeed. 1. Masor Jar Pear and Pomegranate ... continue reading


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


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, Sirach 17:19-27
19 Their actions are all as plain as the sun to him, ... Read More

Psalm, Psalms 32:1-2, 5, 6, 7
1 [Of David Poem] How blessed are those whose offence ... Read More

Gospel, Mark 10:17-27
17 He was setting out on a journey when a man ran up, ... Read More

Saint of the Day

Saint of the Day for May 25th, 2015 Image

St. Mary Magdalene de Pazzi
May 25: It would be easy to concentrate on the mystical experiences God ... 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