Business

All Eyes Are On The Fiscal Cliff, But The Dairy Cliff Is Important Too

NPR | Dec. 31, 2012 4:55 p.m.

Contributed By:

Peggy Lowe

As few people were paying attention to the stalled Farm Bill, a deadline snuck up that could double the price of milk. If the Farm Bill expires on Jan. 1, an antiquated law would kick in that requires the government to buy milk at inflated prices. The average cost of a gallon of milk is now $3.65, but could reach $6 to $8 if Congress fails to make this fix. Peggy Lowe of Harvest Public Media reports.

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