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Sun Dec 23, 2012, 12:51 AM

Milk Prices Likely To Soar In January After GOP Obstruction Blocked The Farm Bill In The House


Milk Prices Likely To Soar In January After Republican Obstruction Blocked The Farm Bill In The House

House Republicans let the five-year farm bill expire at the end of September without a new law to replace the massive measure covering billions of dollars in programs, including food stamps and agriculture subsidies. The Senate passed its own bipartisan, 10-year farm bill in June, and House Democrats and farm state Republicans attempted to force the House to consider a bill to replace it. But the GOP leadership steadfastly refused to vote on it.

As a result, milk prices could jump as high as $6 to $8 per gallon after Jan. 1, when the government will revert to following antiquated 1949 regulations without a farm bill in place: ...

-snip-

Full article here: http://thinkprogress.org/economy/2012/12/21/1370911/milk-prices-likely-to-soar-in-january-after-republican-obstruction-blocked-the-farm-bill-in-the-house/



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Reply Milk Prices Likely To Soar In January After GOP Obstruction Blocked The Farm Bill In The House (Original post)
Tx4obama Dec 2012 OP
RudynJack Dec 2012 #1
boingboinh Dec 2012 #6
AldoLeopold Dec 2012 #2
Bluenorthwest Dec 2012 #4
democrattotheend Dec 2012 #22
AldoLeopold Dec 2012 #25
Smilo Dec 2012 #3
Ford_Prefect Dec 2012 #7
Igel Dec 2012 #9
BronxBoy Dec 2012 #5
Ford_Prefect Dec 2012 #8
dsc Dec 2012 #10
Recursion Dec 2012 #11
dsc Dec 2012 #13
Recursion Dec 2012 #14
dsc Dec 2012 #15
ShadowLiberal Dec 2012 #17
coalition_unwilling Dec 2012 #18
Recursion Dec 2012 #12
politicaljunkie41910 Dec 2012 #16
Superbot Dec 2012 #19
Filibuster Harry Dec 2012 #20
DeschutesRiver Dec 2012 #21
democrattotheend Dec 2012 #23
Odin2005 Dec 2012 #24
CanonRay Dec 2012 #26
abelenkpe Dec 2012 #28
abelenkpe Dec 2012 #27

Response to Tx4obama (Original post)

Sun Dec 23, 2012, 01:05 AM

1. We should...

abolish all farm subsidies.

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Response to RudynJack (Reply #1)

Sun Dec 23, 2012, 08:54 AM

6. +1,000

 

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Response to Tx4obama (Original post)

Sun Dec 23, 2012, 01:09 AM

2. Good.

Then perhaps you'll feel less of a need to corral cows, feed them hormones, kill their children, and eat them when you're done with them.

Try Rice Dream instead. Its dreamy. It also won't cause late-life osteoporosis because of phosphorus-based hormones.

So...how's Texas this time of year?

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Response to AldoLeopold (Reply #2)

Sun Dec 23, 2012, 07:40 AM

4. What do you imagine happens to dairy cows that become financially redundant?

When you say 'good' you are saying good to a massive slaughter. Why you would wish for such a thing is beyond me. Do you seriously think those cows would be set free or something? No,when they can not sell the milk, it is cow death time. That's what you are cheering for.

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Response to AldoLeopold (Reply #2)

Fri Dec 28, 2012, 12:50 AM

22. I thought lack of calcium causes osteoperosis

Although it is also hereditary.

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Response to democrattotheend (Reply #22)

Fri Dec 28, 2012, 02:33 PM

25. Can't change a carnivore's mind

Wouldn't want to -

Look it up, read about it in the sci lit and decide for yourself.

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Response to Tx4obama (Original post)

Sun Dec 23, 2012, 01:28 AM

3. Only the other week they were saying that

there was a glut of milk because no one was drinking it.

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Response to Smilo (Reply #3)

Sun Dec 23, 2012, 09:18 AM

7. Reference to support this comment please????

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Response to Ford_Prefect (Reply #7)

Sun Dec 23, 2012, 05:33 PM

9. Less "last week" and more "last summer." n/t

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Response to Tx4obama (Original post)

Sun Dec 23, 2012, 08:41 AM

5. This will hurt a lot more than dairy farmers......

A lot of programs that are in the farm bill have to do with assisting small beginning and socially disadvantaged farmers. Community and economic development grants for poor rural areas are in this bill. Funds to help farm to school programs are in this bill. Funds to help increase fresh food access to low income populations are in this bill. Funds to help create and maintain farmers markets across the country are in this bill. Funds to help implement healthy eating and disease prevention programs. As is a lot, lot more.

The farm bill is more than agricultural subsidies to large farmers. And as is usually the case, it will be the little guys who are hurt the most by failure to pass a bill

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Response to Tx4obama (Original post)

Sun Dec 23, 2012, 09:35 AM

8. The scale of impact this will have is not as evident as the OP might suggest.

There are many products and businesses not obviously tied to milk production since they depend on milk by-products or derivatives. It is like saying the cost of gas only impacts those who drive to work.

As mentioned in previous comments there are many programs included in the bill, and more in other places that will be impacted by its failure to pass.

As a simple matter of narrow thinking the attack minded GOP leadership who engineer this kind of massive failure intend it to force the president and anyone else who does not agree with them in any degree to kow-tow. They assume that anyone who is damaged by this pernicious tactic have only themselves to blame since "those" people are expecting government to act in the mutual interest of ALL the citizens rather than favoring GOD's chosen few...Land of milk and honey indeed!

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Response to Tx4obama (Original post)

Sun Dec 23, 2012, 06:05 PM

10. Someone needs to explain this to me like I am a three year old

because I don't get what the article says. It seems to say that there is a minimum price of milk that if milk goes below that the government buys milk to keep of the market to raise the price. I get that. It then seems to say that the price of milk is currently above that price so the government isn't buying milk. I get that. It then says that if the farm bill isn't extended, then the government has to buy milk at $40 per hundred weight which is twice the current price due to a 1949 law. So in 1949, milk cost $40 per hundred weight in 1949 dollars? Was milk like some luxury back then?

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Response to dsc (Reply #10)

Mon Dec 24, 2012, 02:02 AM

11. Food was significantly more expensive in "real" dollars

In fact, food has gone down so much in price that we don't even use it to calculate inflation anymore (hence the quotes around "real"). When was the last time you spent over half your money on food? That was the original food component of the CPI: 52%.

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Response to Recursion (Reply #11)

Mon Dec 24, 2012, 09:44 AM

13. so was there some rate of inflation programmed into the law in 49?

that is what I don't get. I know milk was more expensive in terms of incomes but I really would be amazed if milk was $8.00 a gallon in 49.

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Response to dsc (Reply #13)

Mon Dec 24, 2012, 10:31 AM

14. Inflation wasn't really understood back then

In the years since, we've worked out more or less how it operates (Milton Friedman, of all people, figured it out, despite being wrong about nearly everything else), so we can run the equations backwards and get rough equivalents of what a price in the past was.

Milk being $8.00 a gallon in 2012 means it costs roughly what a minimum wage worker makes in an hour (or a little more). The minimum wage in 1949 was 75 cents. So an equivalent cost would be a bit more than 75 cents per gallon of milk, which lo and behold is more or less what it cost back then (80 cents).

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Response to Recursion (Reply #14)

Mon Dec 24, 2012, 11:11 AM

15. I guess I am just being dense

but I figure there would be a set amount in the law. So the minimum price should drop way low not surge way high unless there was also an inflation formula with it.

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Response to dsc (Reply #13)

Mon Dec 24, 2012, 05:45 PM

17. Milk costs less to process and sell today thanks to new technology

Cows used to have to be milked by hand back in the 1940's, today they use machines to do it. Same with a lot of the other steps involved, so the cost of making milk are much lower today then back then, hence lower prices if you adjust the price back then to be in today's inflation adjusted dollars.

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Response to ShadowLiberal (Reply #17)

Mon Dec 24, 2012, 06:44 PM

18. Former dairy farmer here: I think also better herd management practices and better

 

veterinary care have helped rein in dairy production costs (independent of the effects of the subsidies).

N.B. I used to milk cows by hand back in the mid-70s. I could milk a Guernsey or Jersey in about 20 minutes and get 5-6 gallons per milking. 5-6% butterfat, IIRC. Milk machines, if not monitored carefully, can easily injure a cow's udder and teats. FWIW, dairy cows are very decent creatures, easily preferable to the vast majority of homo sapiens.

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Response to Tx4obama (Original post)

Mon Dec 24, 2012, 02:18 AM

12. The farm bill is an embarrassing monstrosity. We also can't just get rid of it...

...without some other plan in place, and a transition period.

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Response to Tx4obama (Original post)

Mon Dec 24, 2012, 01:00 PM

16. When no one buys it prices will come back down. There are too many substitues

available for the public to be blackmailed. Who do these farmers think they are, the oil companies?

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Response to Tx4obama (Original post)

Tue Dec 25, 2012, 12:30 AM

19. i just cant pay that much for milk

 

there are many other options available, goat, soy, ect...

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Response to Tx4obama (Original post)

Thu Dec 27, 2012, 03:49 PM

20. Again with the Rs. If and when the economy tanks will they have the balls to blame the

president? Of course they will but we know it will be the weeper of the house and his obstructionist merry men -- maybe the ghost of christmas yet to come made a visit to them??

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Response to Tx4obama (Original post)

Thu Dec 27, 2012, 11:54 PM

21. I do use milk, but I don't need to and won't if that is the price. And

instead, I will make almond milk here and use that. Far cheaper when I make it myself, too.

There may be many adults who want milk, but I don't think it is an essential for any adult. I hope they resolve this farm subsidy issue, but it is a hot potato for sure; not passing it is going to rock some people's worlds.

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Response to Tx4obama (Original post)

Fri Dec 28, 2012, 12:52 AM

23. Good thing I like my cereal dry

I think I bought a total of 1 gallon of milk last year, once to make mac & cheese and once to make White Russians.

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Response to Tx4obama (Original post)

Fri Dec 28, 2012, 10:14 AM

24. NOOOOO!, Not my chocolate milk!

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Response to Tx4obama (Original post)

Fri Dec 28, 2012, 02:39 PM

26. I wonder how many of those rural dairy farmers voted Republican

I bet it's a nice high percentage.

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Response to CanonRay (Reply #26)

Fri Dec 28, 2012, 02:47 PM

28. Bet you're right nt

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Response to Tx4obama (Original post)

Fri Dec 28, 2012, 02:47 PM

27. GOP being a$$holes just because....

same story, different day

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