Milk prices could soar in the new year

By WEEK Producer

Milk prices could soar in the new year

December 6, 2013 Updated Dec 6, 2013 at 12:08 PM CDT

WASHINGTON, D.C. -- Consumers could end up paying more for milk in the new year. Come January, consumers may be paying as much as $8 a gallon for milk.

Congress has been working on passing a new farm bill that would prevent such a price hike, but it is still on the table.

The current farm subsidies which have kept dairy prices relatively stable since the 1940's are set to expire unless a deal is reached before the end of the year.

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