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Milk Prices Could Double

Reported by: Aaron Adelson
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Updated: 12/26/2012 5:36 pm
Twitter: https://twitter.com/AAdelsonABC36

With the U.S. government so focused on avoiding the fiscal cliff, the country's farm bill expired.

Without any action from the federal government, the price you pay for milk will go up next week.

The average gallon of milk costs about $3 according to the USDA.  Without an extension of the farm bill, or a new bill, that price could double.

"We might see 6, 7, 8 dollars; somewhere in that range," said Maury Cox, the Executive Director of the Kentucky Dairy Development Council.

He says without any action, milk prices revert to a system developed in the 1940's.  Cox says dairy farmers would get $3-$4 a gallon; right now they're getting paid less than $2.

"We believe milk is being used somewhat as leverage on the farm bill, and the scare tactics of saying milk's going to be at that price," said Cox.

Customers say they're worried such high prices would make milk unaffordable.

"There is some anxiety out here of what's going to take place, and how we're going to go down the road," said Cox. 

Cox does not think milk prices will sky rocket.  He believes the government will do something, but time is ticking. 

Kentucky dairy farmers produce millions of gallons of milk per year. 
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