Milk prices for farmers could actually surge higher if Congress fails to pass a new farm bill, but that would also mean sharply higher prices for dairy products at the grocery store.
The previous farm bill is about to expire. If a new one is not passed as part of the fiscal cliff deal, regulation of milk prices would automatically revert to a 1949 pricing system that would more than double the current price paid to farmers. Good news for farmers, but bad news for consumers, since processors and retailers would undoubtedly pass that higher cost on to consumers. Experts estimate it would mean retail prices surpassing $6 a gallon.
Friday, April 18 2014 10:13 PM EDT2014-04-19 02:13:23 GMT
A mother and her five-old child were taken to Fletcher Allen Friday night after being hit by a car in Winooski. Police say the accident happened around 8-30 at the intersection of West Spring and NorthMore >>
A mother and her five-old child were taken to Fletcher Allen Friday night after being hit by a car in Winooski.More >>
Friday, April 18 2014 5:16 PM EDT2014-04-18 21:16:40 GMT
Vt. State Police say a small plane has crashed on Interstate 89 north in Highgate. A state airport official confirms that a single-engine aerobatic plane was in the vicinity of the Franklin County StateMore >>
The pilot of a small plane parachuted to safety before his aircraft crashed on Interstate 89 north in Highgate Friday. More >>