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

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.