The Future of the Farm Bill to Impact Consumers, Too
You may have already heard about the worries of farmers concerning the dairy cliff, but new research has shown consumers should be worried, too. If no fiscal agreement is reached in Congress regarding the farm bill, dairy prices could skyrocket in the new year.
The problem is serious enough that industry officials are considering fallback options. The likeliest would have Congress passing an extension of current farm law, which would provide a temporary fix.
But farmers still shudder at the thought of any prospect, even remote, of reverting to an old system under which milk could surge to $6 a gallon.