“Come Jan. 1, there is a threat that milk prices could rise to $6 to $8 a gallon if Congress does not pass a new farm bill that amends farm policy dating back to the Truman presidency.  Without last-minute Congressional action, the government would have to follow an antiquated 1949 farm law that would force the government to buy milk at wildly inflated prices, creating higher prices in the dairy case. Milk now costs an average of $3.65 a gallon.  Higher prices would be based on what dairy farm production costs were in 1949, when milk production was almost all done by hand.”

http://www.economicpolicyjournal.com/2012/12/why-milk-prices-could-more-than-double.html

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