While there’s still that pretty important fiscal cliff Congress is still trying to avoid careening over, it seems lawmakers have at least reached a compromise that will keep the country from the so-called “milk cliff.” The deal still has to be approved by both the Senate and the House, but if it works, we likely won’t be seeing $7 milk in the grocery aisle any time soon. Whew. [More]
milk cliff
There Is Such A Thing As The Milk Cliff: If Congress Doesn’t Act Soon, Prices Could Double
By 12.21.12
For the apparently shrinking amount of milk drinkers out there, we’ve got some bad news: There’s a thing called the Milk Cliff, and we’re standing on it. If Congress doesn’t act on a new farm bill that amends a policy from 1949, the price of a gallon of milk could increase and possibly even double. Yes, a milk cliff. It’s a thing. [More]
