Lack of farm bill could cause drastic increase in milk prices - WFMJ.com News weather sports for Youngstown-Warren Ohio

Lack of farm bill could cause drastic increase in milk prices

Updated:

WASHINGTON, DC - The price of milk is about $3.50 a gallon in many places right now, but some experts say it could more than double that price within a year.

That's because there is no farm bill in place.

The legislation sets a minimum price for milk prices so dairy farmers can stay in business. But with no farm bill, they could get hit by huge fluctuations in prices.

"Which would put many dairies out of business and with the lack of supply and demand remaining the same, it could force milk prices to go as high as $8 a gallon," said agriculture expert John Jenkinson.

Experts say with all the focus on that fiscal cliff, a new farm bill has seemingly slipped through the cracks. So the price of milk could dip causing farmers to sell.

  • More From wfmj.comHot ClicksMore>>

  • FAA orders more engine inspections after Southwest accident

    FAA orders more engine inspections after Southwest accident

    Saturday, April 21 2018 12:25 PM EDT2018-04-21 16:25:36 GMT
    (NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...(NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...
    The manufacturer of the jet engine involved in a fatal Southwest Airlines accident Tuesday wants more jets to be inspected for potential problems.More >>
    The manufacturer of the jet engine involved in a fatal Southwest Airlines accident Tuesday wants more jets to be inspected for potential problems.More >>
  • High holiday: Pot fans join 420 smoke-out in San Francisco

    High holiday: Pot fans join 420 smoke-out in San Francisco

    Saturday, April 21 2018 12:15 PM EDT2018-04-21 16:15:23 GMT
    (AP Photo/Josh Edelson). Kenny Boynton smokes a joint  San Francisco, Calif., on Friday, April 20, 2018.  Thousands of marijuana enthusiasts flocked to San Francisco’s Golden Gate Park for the annual April 20 celebration of cannabis that culminated wit...(AP Photo/Josh Edelson). Kenny Boynton smokes a joint San Francisco, Calif., on Friday, April 20, 2018. Thousands of marijuana enthusiasts flocked to San Francisco’s Golden Gate Park for the annual April 20 celebration of cannabis that culminated wit...
    Thousands of marijuana enthusiasts flocked to San Francisco's Golden Gate Park for the annual April 20 high holiday that culminated with the crowd sparking up at 4:20 p.m.More >>
    Thousands of marijuana enthusiasts flocked to San Francisco's Golden Gate Park for the annual April 20 high holiday that culminated with the crowd sparking up at 4:20 p.m.More >>
  • Trump lawyer must say why he wants porn star's case delayed

    Trump lawyer must say why he wants porn star's case delayed

    Saturday, April 21 2018 12:15 PM EDT2018-04-21 16:15:12 GMT
    (AP Photo/Mary Altaffer, file). FILE - In this April 16, 2018, file photo, adult film actress Stormy Daniels speaks outside federal court in New York. A federal judge is set to hear arguments about whether to delay the case of Daniels, who claims she h...(AP Photo/Mary Altaffer, file). FILE - In this April 16, 2018, file photo, adult film actress Stormy Daniels speaks outside federal court in New York. A federal judge is set to hear arguments about whether to delay the case of Daniels, who claims she h...
    President Donald Trump's lawyer, whose office was raided by the FBI last week, is seeking to delay a court case brought by a porn actress who claims she had an affair with the president.More >>
    President Donald Trump's lawyer, whose office was raided by the FBI last week, is seeking to delay a court case brought by a porn actress who claims she had an affair with the president.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms