Milk Prices Likely To Soar In January After GOP Obstruction Blocked The Farm Bill In The House [View all]

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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: ...

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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/