Milk could cost $6 a gallon if House doesn’t pass new farm bill

Posted at 8:36 AM, Dec 13, 2012
and last updated 2012-12-13 08:37:05-05

Lawmakers continue to deal with the so-called fiscal cliff, we’re also looking at a dairy cliff.

New York Sen. Chuck Schumer is sounding the alarm.

Schumer says if the House doesn’t pass a new farm bill, the United States would revert back to a 63-year-old dairy policy.

Currently, the government provides subsidies to dairy producers when milk prices fluctuate and cow feed costs jump.

But without a new bill, the price of milk could jump to $6 per gallon.

The Senate has already passed new farm legislation, but the House is dragging its feet.

They have two weeks to pass it or else Americans will likely have to spend more for milk.