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 Without it, pricing would go back to an outdated law put in place during the Truman era.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?
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Milk is a big part of our diet, in that I have 4 kids who drink two glasses each a day. The little one still drinks three glasses. So we go through about half a gallon a day. We would continue to buy and provide this milk for our family but the price stinks. I mostly feel horrible for the families who are struggling. We are already buying only organic milk, so I am not sure what the price will be for that.
I do think they will fix this issue though. There is no way they wouldn't. Perhas WIC and foodstamps will increase to cover the costs if it does not pass on time.
I could be mistaken, but I do not believe this is tied to the financial cliff. The article I read said that they were so busy with the financial cliff, that they just did not have time to deal with the milk issue. (But they do have time to make sure they all have their raises)
I will go see if I can find it.
As to the debate question, it has always puzzled me why when visiting NY milk costs anywhere from $1.99/gallon to $3/gallon, but here in TN we normally pay anywhere from $3.50/gallon for cheap off brand milk when it is on sale to $6/gallon for the name brand milk. Milk going up to $7/gallon would not hurt us that much because we are already used to milk costing a lot, but it would really hurt the families I know in NY.
ETA - Price of milk could rise if farm bill not passed | www.wsoctv.com
I get approx. 2 gallons every week so we would feel it.
I pay about 2.69 a gallon. It amazes me how high milk is in some places! Some grocery stores I see the milk at 3.99 and I refuse to pay that much for milk when I know I can get the same milk much cheaper.
It wouldn't stop me from buying it as I consider it an essential in my home but it would add on to our grocery bill.
I pay $14.50 a gallon. Or would if we could buy gallons. We drink less milk than we would if we were in the US but we also have other sources of calcium, like fish bones, tofu, and spinach.
Yes, sorry I converted to USD.
Wow 14.50! We pay 5.89 for Organic but the reg price is 2.89. We totally need our own cow as we spend at least $20 a week just for milk.
Last edited by myyams; 12-30-2012 at 03:41 AM.
I have a cow "share", as I make my own cheese as a hobby. I would prefer a goat, actually, but we really don't have enough land.