Milk Prices Possibly To Hit $8 A GALLON

Milk Prices Possibly To Hit $8 A GALLON

Time to switch it up to Almond Milk!

According to ABC News:

Partisan gridlock in Congress may lead to sharply higher milk prices in the new year. It’s the latest sign that the deep divide between Democrats and Republicans is having a direct impact on consumers and the economy. Milk prices could at least double in January if there is no agreement on farm price supports. The current fight over the $80 billion-a-year food stamp program is a big part of this. The farm bill money includes food stamps as well as farm subsidies. Without a deal, consumers in January could pay $8 for gallon of milk. Members of the House and Senate are set to begin negotiations this week on the five-year farm bill. Both sides are far apart on the sensitive issue of how much money to cut from food stamps.

The government shutdown ended two weeks ago and the budget showdown is over for now, but the impact on the economy may be felt for months. Consumer sales for September to be released tomorrow were probably flat. Consumer confidence fell in the weeks before the shutdown and is still below the average for this year. A new survey of economists for USA Today says more than half are less optimistic about growth prospects than they were three months ago.

How many of you would really spend $8 for a gallon of milk?

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