71°
Baton Rouge, Louisiana
3 Day Outlook
Mon
83°
59°
20%
Tue
81°
62°
10%
Wed
83°
65°
20%

Latest Weather Blog

Follow our weather team on social media

Deal reached for stopping spike in milk prices

2 years ago Sunday, December 30, 2012 5:58:09 PM CST December 30, 2012 Sunday, December 30 2012 Dec 30, 2012 in News

WASHINGTON - The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that would head off a possible doubling of milk prices next month.

Senate Agriculture Committee Chairman Debbie Stabenow indicated that the House could vote on it as early as Sunday evening. The agreement to extend current farm law until next October was reached as negotiators hit a snag on averting a broader fiscal cliff combination of higher taxes and spending cuts Jan. 1.

Agriculture Secretary Tom Vilsack said Americans faced the prospect of paying $7 for a gallon if the current dairy program lapsed and the government returned to a 1948 formula for calculating milk price supports.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
71°
60°
Mon
Partly Cloudy
83°
59°
Tue
Partly Cloudy
81°
62°
Wed
Mostly Cloudy
83°
65°
Thu
Partly Cloudy
86°
69°