Posts Tagged ‘the fiscal cliff’

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Fiscal Policy: The Dairy Cliff

    Dec 30, 12 • 373 Views • Demand, Supply, and Markets, Economic Debates, Economic History, Economic Humor, Government, Households, Macroeconomic Measurement, RegulationNo Comments

    The price we pay for milk might skyrocket unless the Congress passes a new farm bill or extends the old one during the next several days. If they do nothing, then we revert to 1949 legislation that will push the price of milk up from approximately $3.75 a