Schumer: Milk prices may double without Farm Bill
ALBANY, N.Y. (AP) -- Sen. Charles Schumer says milk prices in stores across New York could double if the Farm Bill isn't renewed.
Schumer says the nation will start to revert to 1940s era agriculture policy if a new Farm Bill isn't passed soon. The National Milk Producers Federation says government purchases of dairy products under the outdated law could cause milk prices to rise above $6 per gallon.
The Farm Bill is enacted every five to seven years and provides farm and food policy for America. The 2012 Farm Bill passed the Senate on June 21 by a bipartisan vote of 64 to 35, but it remains stalled in the House of Representatives. The 2008 Farm Bill was set to expire on Sept. 30.
Copyright 2012 The AP.