• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

More we can thank a Dysfunctional House for

A

Anonymous

Guest
If Congress doesn't act on an expiring protection for dairy farmers before Jan 1, milk prices could double.

NEW YORK (CNNMoney)

The New Year could push milk prices to $7 a gallon.

With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going unattended. One of them is the agriculture bill which, if not addressed, could lead to a doubling of the price of milk early next year.





It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.

But instead of leaving farmers entirely out in the cold, the law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price -- driving up the cost for everyone.

"If you like anything made with milk, you're going to be impacted by the fact that there's no farm bill," U.S. Secretary of Agriculture Tom Vilsack told CNN's Candy Crowley in an interview on State of the Union airing Sunday, Dec. 30.

"Consumers are going to be a bit shocked when instead of seeing $3.60 a gallon for milk, they see $7 a gallon for milk. And that's going to ripple throughout all of the commodities if this thing goes on for an extended period of time," Vilsack said.


Sky-high milk prices wouldn't necessarily be good for dairy farmers either, according to Chris Galen, a spokesman for the National Milk Producers Federation, which represents over 30,000 dairy farmers.

While it might provide a short term boost to profits, there's a fear that consumers would either cut back on dairy or opt for imported dairy products. It could also force food makers to search for alternatives to dairy, like soy.

"We call it the dairy cliff," Galen said.

Fortunately, there's still time for Congress to act.

Galen said the government would have to issue a notice saying it was going to pay the increased price for dairy products, then set up a schedule for when purchases would start, a process that could take a few weeks.

"It's not like people would dump blocks of cheese on the USDA's front lawn January first," he said.



To prevent the price spike, Congress either needs to extend the current bill, pass a new bill, or enact some provision to keep the 1949 law from taking effect.

Given the current state of the fiscal cliff talks and Congress' inability to get things done in general, dairy lovers might want to stock up now.


The Senate passed a new Farm Bill months ago-- but as has become the case- the dysfunctional House- led by the party of NO- can't/won't decide or do anything.... Sometimes I think they took McConnell to heart and would rather see the country completely fall apart rather than have anything good happen under a Dem President......

If all the housewives learn this came about because of the Party of NO not being able to function-- they may never have any women voters again- and go the way of the Dinos faster than I think they are...
 

Mike

Well-known member
Oldtimer said:
If Congress doesn't act on an expiring protection for dairy farmers before Jan 1, milk prices could double.

NEW YORK (CNNMoney)

The New Year could push milk prices to $7 a gallon.

With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going unattended. One of them is the agriculture bill which, if not addressed, could lead to a doubling of the price of milk early next year.





It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.

But instead of leaving farmers entirely out in the cold, the law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price -- driving up the cost for everyone.

"If you like anything made with milk, you're going to be impacted by the fact that there's no farm bill," U.S. Secretary of Agriculture Tom Vilsack told CNN's Candy Crowley in an interview on State of the Union airing Sunday, Dec. 30.

"Consumers are going to be a bit shocked when instead of seeing $3.60 a gallon for milk, they see $7 a gallon for milk. And that's going to ripple throughout all of the commodities if this thing goes on for an extended period of time," Vilsack said.


Sky-high milk prices wouldn't necessarily be good for dairy farmers either, according to Chris Galen, a spokesman for the National Milk Producers Federation, which represents over 30,000 dairy farmers.

While it might provide a short term boost to profits, there's a fear that consumers would either cut back on dairy or opt for imported dairy products. It could also force food makers to search for alternatives to dairy, like soy.

"We call it the dairy cliff," Galen said.

Fortunately, there's still time for Congress to act.

Galen said the government would have to issue a notice saying it was going to pay the increased price for dairy products, then set up a schedule for when purchases would start, a process that could take a few weeks.

"It's not like people would dump blocks of cheese on the USDA's front lawn January first," he said.



To prevent the price spike, Congress either needs to extend the current bill, pass a new bill, or enact some provision to keep the 1949 law from taking effect.

Given the current state of the fiscal cliff talks and Congress' inability to get things done in general, dairy lovers might want to stock up now.


The Senate passed a new Farm Bill months ago-- but as has become the case- the dysfunctional House- led by the party of NO- can't/won't decide or do anything.... Sometimes I think they took McConnell to heart and would rather see the country completely fall apart rather than have anything good happen under a Dem President......

If all the housewives learn this came about because of the Party of NO not being able to function-- they may never have any women voters again- and go the way of the Dinos faster than I think they are...

You have no clue as to how stupid you are. A House Farm Bill wants to cut $16 Billion in Food Stamps and the Senate only wants to cut $4 Billion.

The Senate won't compromise one bit.

The Dems are saying no to every spending cut the Republicans want.

The Dems are the real party of NO!

The gov't has no business buying milk anyway!!!!!!!!!!!!!!!!!!!!

Let the dairy's charge what the market will bear.

:roll:
 
A

Anonymous

Guest
Mike said:
Oldtimer said:
If Congress doesn't act on an expiring protection for dairy farmers before Jan 1, milk prices could double.

NEW YORK (CNNMoney)

The New Year could push milk prices to $7 a gallon.

With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going unattended. One of them is the agriculture bill which, if not addressed, could lead to a doubling of the price of milk early next year.





It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.

But instead of leaving farmers entirely out in the cold, the law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price -- driving up the cost for everyone.

"If you like anything made with milk, you're going to be impacted by the fact that there's no farm bill," U.S. Secretary of Agriculture Tom Vilsack told CNN's Candy Crowley in an interview on State of the Union airing Sunday, Dec. 30.

"Consumers are going to be a bit shocked when instead of seeing $3.60 a gallon for milk, they see $7 a gallon for milk. And that's going to ripple throughout all of the commodities if this thing goes on for an extended period of time," Vilsack said.


Sky-high milk prices wouldn't necessarily be good for dairy farmers either, according to Chris Galen, a spokesman for the National Milk Producers Federation, which represents over 30,000 dairy farmers.

While it might provide a short term boost to profits, there's a fear that consumers would either cut back on dairy or opt for imported dairy products. It could also force food makers to search for alternatives to dairy, like soy.

"We call it the dairy cliff," Galen said.

Fortunately, there's still time for Congress to act.

Galen said the government would have to issue a notice saying it was going to pay the increased price for dairy products, then set up a schedule for when purchases would start, a process that could take a few weeks.

"It's not like people would dump blocks of cheese on the USDA's front lawn January first," he said.



To prevent the price spike, Congress either needs to extend the current bill, pass a new bill, or enact some provision to keep the 1949 law from taking effect.

Given the current state of the fiscal cliff talks and Congress' inability to get things done in general, dairy lovers might want to stock up now.


The Senate passed a new Farm Bill months ago-- but as has become the case- the dysfunctional House- led by the party of NO- can't/won't decide or do anything.... Sometimes I think they took McConnell to heart and would rather see the country completely fall apart rather than have anything good happen under a Dem President......

If all the housewives learn this came about because of the Party of NO not being able to function-- they may never have any women voters again- and go the way of the Dinos faster than I think they are...

You have no clue as to how stupid you are. A House Farm Bill wants to cut $16 Billion in Food Stamps and the Senate only wants to cut $4 Billion.

The Senate won't compromise one bit.

The Dems are saying no to every spending cut the Republicans want.

The Dems are the real party of NO!

The gov't has no business buying milk anyway!!!!!!!!!!!!!!!!!!!!

Let the dairy's charge what the market will bear.

:roll:

In order to lead in the deal making, you have be the party of power-- and that isn't the Repubs or Tea Partyiers- especially after the election... They screwed around for years and did nothing waiting for this election-- because they were just so sure they were so well liked they would again win the White House- and instead they got kicked in the arse (much because of their lack of doing anything :roll: ) ...

Wanna bet who the housewives/voters will blame... :???:
 

Whitewing

Well-known member
Oh yeah, I can just see it now.

Gladys: Roxanne, have you seen what the price of milk has done?

Roxanne: Yeah, it's more than doubled! What's up with that?

Gladys: It's those darned Republicans and Tea Baggers. They're just the party of NO! If only they'd let Obama have his way, he could do for milk prices what he's done for unemployment.

Roxanne: :roll:
 

TexasBred

Well-known member
Good milk is like good whiskey. It's never sold for what it's worth.

Milk prices are still not just a heck of a lot better than they were when that law was passed in 1949. I've seen them below $10 a hundred weight to as much as $22 a hundred and they can go from that high to that low in about 3 months. Meanwhile every cost involved in producing it remains constant or increases. I think it's about time they got paid what it's worth. I'll pay for the $8 milk OT....who's gonna buy you drinks at the new price??
 

hopalong

Well-known member
oldtimer has never drank milk,,,whiskey is hos choice,,,obvious by the post he makes...shows just how far his mind has slipped into oblivion :( :(
 

gmacbeef

Well-known member
Oldaltzheimer, do you know how many bills Harry Reid is sitting on that the house has passed & doesn't have the balls to bring up in the Senate ? the house passed a tax cut extension in AUGUST That's sitting there. O.T. Can you tell me which body of congress hasn't passed a budget for THREE YEARS ? That would be your dumbass party in the Senate,under Harry no- nuts Reid. Don't even go there about the house... :mad:
 
A

Anonymous

Guest
Poll: Boehner now less popular than Pelosi

By Justin Sink - 12/21/12 09:52 AM ET


Speaker John Boehner (R-Ohio) now ranks as the least-liked congressional leader, with just 31 percent of voters holding a positive opinion of the Republican leader and more than half — 51 percent — saying they view the Ohio congressman unfavorably.

That's the first time in several years that Boehner has slipped below House Minority Leader Nancy Pelosi (D-Calif.) in the Rasmussen survey. The Democratic leader held a 37 percent favorability rating in the poll.

The poll was released Friday, just hours after Boehner was unable to rally Republican support behind his "Plan B" proposal, intended to secure additional leverage in "fiscal cliff" negotiations with President Obama. And it comes just a day after President Obama's approval rating in the Gallup daily tracking poll hit 56 percent, the highest mark for the president since October 2009.

Boehner's slipping popularity likely comes from voters' wariness with Republicans as the deadline to reach a debt deal approaches.

In a Pew Research poll released earlier this month, 53 percent said they would blame the GOP if the crisis was not resolved, versus just 27 percent who said they would blame Democrats.
 

TexasBred

Well-known member
Oldtimer said:
Poll: Boehner now less popular than Pelosi

By Justin Sink - 12/21/12 09:52 AM ET


Speaker John Boehner (R-Ohio) now ranks as the least-liked congressional leader, with just 31 percent of voters holding a positive opinion of the Republican leader and more than half — 51 percent — saying they view the Ohio congressman unfavorably.

That's the first time in several years that Boehner has slipped below House Minority Leader Nancy Pelosi (D-Calif.) in the Rasmussen survey. The Democratic leader held a 37 percent favorability rating in the poll.

The poll was released Friday, just hours after Boehner was unable to rally Republican support behind his "Plan B" proposal, intended to secure additional leverage in "fiscal cliff" negotiations with President Obama. And it comes just a day after President Obama's approval rating in the Gallup daily tracking poll hit 56 percent, the highest mark for the president since October 2009.

Boehner's slipping popularity likely comes from voters' wariness with Republicans as the deadline to reach a debt deal approaches.

In a Pew Research poll released earlier this month, 53 percent said they would blame the GOP if the crisis was not resolved, versus just 27 percent who said they would blame Democrats.

Blame whomever you wish. It doesn't make a rats a$$ who you blame. Fact of the matter is there is much work to do. Obama's approval rate sure doesn't reflect his effectiveness as a President. It does show that since Romney made his statement the percentage has grown from 47% to around 56%.....
 
Top