Farmers worry about dairy prices as deadline nears
MILWAUKEE—While the White House and Congress struggle to avert the economic “fiscal cliff,” dairy farmers are worried that the outcome of the effort could affect the farm bill and milk prices.
The last farm bill, passed in 2008, is expiring. If Congress doesn’t pass a new bill by Jan. 1 or extend key provisions, certain factors kick in that could send milk prices to $6 a gallon.
Some dairy producers worry that shoppers would switch to exported dairy products.
Agriculture industry leaders hope that new farm legislation can be attached to any fiscal package the White House and Congress reach this month. Major tax increases and spending cuts are scheduled to go into effect if no deal is reached by Jan. 1.
Dec 19, 2012 at 5:42 a.m.
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Actually if you pay farmers not to plant a certain field it keeps the price artificially high, I think. Economics 101 supply and demand: the less of the product there is, the higher the price. The more the product the lower the price. Competition.
Dec 18, 2012 at 11:32 a.m.
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I believe you are correct "6824'.
But donnaw , I can read into this blurb that farm subsidies are keeping farm prices artificially low.
Dec 18, 2012 at 11:23 a.m.
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$6.00 a gallon might be the right price however people would throw a fit if they had to pay. Of course these same people don't see anything wrong with paying $6.00 for a 12 pack of Mountain Dew.
Dec 18, 2012 at 11:15 a.m.
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If the price was $6 a gallon, you probably would not have to worry about mega dairy farms and their colossal disposal problems. If you ever had the experience of dairy farming, you would agree that $6 is the right price.
Dec 18, 2012 at 11:09 a.m.
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section 4 of the 14 amendment will prevent us from going off the fiscal cliff...we can only hope Obama uses it if an agreement can't be reached
Dec 18, 2012 at 8:56 a.m.
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Sounds like they are milking it for all it's worth !
Dec 18, 2012 at 8:52 a.m.
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Let the market decide if $8k/acre cropland, corn subsidies, and factory dairy farms make sense. Get the bankrupt federal government out of it.
Dec 18, 2012 at 7:57 a.m.
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Donnaw - agreed - but on topic, Wisconsin residents shouldn't have to pay $6 a gallon because the milk is nearby while other states who don't produce it pay less.
Dec 18, 2012 at 7:07 a.m.
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There needs to be some auditing of the impact of farm subsidies. Paying someone to not plant something doesn't seem right.
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