Schumer Warns Of Possible Milk Price Hikes
New York, NY (WIBX) - New York Senator Charles Schumer is warning consumers that huge increases in milk prices could be coming if Congress doesn't reauthorize the Farm Bill.
The current bill expired yesterday, meaning that farm regulations will revert back to 1940s era policies until a new measure is passed.
Schumer cites National Milk Producers Federation numbers in predicting that milk prices could rise over $6 a gallon if a new bill is not passed soon.
The bill passed the Senate, but Schumer says it's stalled in the House because leaders will not bring it to the floor.