Just heard something on my evening news about how, if the "fiscal cliff" scenario happens, the price of milk could double within a few months. That's because one part of the Farm Bill, which is one of the laws up for renewal on January 1st, controls the dairy market. Without it, pricing would go back to an outdated law put in place during the Truman era. The government would be required to buy dairy products based on 1949 production costs, when milking was done by hand. That would double today?s price.
This wouldn't affect me much since we don't drink milk & don't use much milk in cooking, but I've seen other families at the grocery store with 4 or 5, even 6 gallons of milk in their carts. How would your family be affected if the price of milk doubled?