Milk Prices Increasing and Potentially Doubling (2008 Farm Bill Expiring)

A while ago I told you all about the drought possibly causing higher prices in meat and other foods . Now there is a potential increase in milk prices increasing and even doubling because of a lapse in a bill.

The current Farm bill called, Food, Conservation, and Energy Act of 2008, was set to expire on September 30, 2012 . The new 2012 Bill was passed by the Senate in June but is waiting to be passed by the House of Representatives.

If the Farm Bill is not renewed, we could revert to pre 1940’s era agricultural policy. The Bill offers funding for dairy farmers, drought assistance and much more.

This means that by January, we could see 1 gallon of milk at over $6. Let’s hope this does not happen, but I like to tell you about these things so you can adjust your budgets now, so you are not hit hard if it does increase.

Hoe much milk does your family drink in a week? Milk alternatives maybe something to price out now.