Milk costs could rise to $7 gallon

| Print |  Email
Tuesday, November 26, 2013

CNN: If the farm bill drags beyond Jan. 1, it could make milk prices soar to $7 a gallon.

A key sticking point holding up the bill is funding for food stamps. House Republicans want to make changes that would drop 3.8 million people from food stamps next year, while Senate Democrats aren't keen on making these cuts.

But the clock is ticking on milk prices, too. That's because if Congress doesn't pass a farm bill by January, subsidies for dairy and other commodities will expire. And that will trigger a funding formula from the 1940s that could lead prices of several commodities like corn, soybeans and wheat to spike.

As early as January, the price of milk could double from the current national average of $3.47 a gallon.

Read more.

 

Comments   

 
Guest
0 #1 Milk $7 a gal. GOODGuest 2013-11-26 20:01:02
Unlikely, but it isn't good for you anyway, the thought of market pricing really drives the liberals crazy doesn't it.
Quote | Report to administrator
 

More Articles

Biker dreams

The Latest
Friday, May 15, 2015
bike at ater wynn-thumbBY KIM MOORE | RESEARCH EDITOR

The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.


Read more...

Energy Stream

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers. 


Read more...

Shades of Gray

May 2015
Monday, April 27, 2015
BY KIM MOORE

Are we too quick to diagnose corruption?


Read more...

Photo Log: The 2015 100 Best Green Workplaces in Oregon

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.


Read more...

3 trends in the garden business

The Latest
Thursday, April 30, 2015
gardenthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Oregonians are scrambling to get their gardens in order for the summer. Here are three tips from landscaping and urban farming expert.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

It's a Man's Man's Man's World

May 2015
Friday, April 24, 2015
BY AMY MILSHTEIN

Male tech workers speak out on the industry's gender troubles.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS