Milk could top $7 a gallon this year

Milk could top $7 a gallon this year

Milk could top $7 a gallon this year

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by WHAS11 affiliate

WHAS11.com

Posted on December 27, 2012 at 7:30 AM

Updated Thursday, Dec 27 at 7:30 AM

The cost of milk could go up significantly in the new year.

A stalled farm bill in the U.S. House of Representatives means a gallon of milk could possibly go from the current average of $3.65 to $7.

Without last minute action, the government would have to follow legislation dating back to the Truman presidency, forcing the government to buy milk at wildly inflated prices, causing a shortage.

The Senate passed a farm bill in July

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