No need to hoard milk and ice cream over New Year’s Day. Turns out, the “dairy cliff” isn’t as steep as we may have once thought.
For over a year, farm bill watchers have warned that the milk prices would balloon to $7-8 per gallon if the farm bill expires without a replacement – sending us over what has been termed the “dairy cliff.”
Now, we know the farm bill will expire Dec. 31 and there will be no new farm bill until Congress returns in the New Year. But it turns out, dairy prices won’t surge on Jan. 1 as some farm bill supporters have suggested.
To read the rest of the story, please go to: Iowa Public Radio
