Skip to main content

US milk prices to double- $8-a-Gallon if farm bill does not go on the correct side

Milk Prices

It’s the end of the year, and Congress is fighting over a farm bill again, which can mean only one thing: ’tis the season for warnings that Americans could wake up in 2014 and suddenly be paying eight bucks for a gallon of milk. But while the prospect of milk doubling in price overnight makes for an attention-getting headline, it’s not what’s going to happen. 
First, a quick history lesson: the U.S. Department of Agriculture (USDA) is required to buy butter, cheese and powdered milk to set a floor for milk prices. It acts kind of like the Federal Reserve, except instead of setting interest rates, the agency’s actions impact what we pay for a gallon of milk. The formula was adjusted over the years to balance what farmers make with how much consumers pay, and today’s rate expires with the current farm-bill extension at the end of the year.


Read more: People Are Freaking Out About $8-a-Gallon Milk | TIME.com http://business.time.com/2013/12/11/people-are-freaking-out-about-8-a-gallon-milk/#ixzz2nMnnXsfP
http://business.time.com/2013/12/11/people-are-freaking-out-about-8-a-gallon-milk/?iid=biz-main-belt

Comments

Post a Comment

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may also be u
9 comments
Read more

Communist party launches 'China Operating System' to oust iOS and Android

hina officials have launched a national operating system in an attempt to take back control of the country’s computer market from American companies such as Google and Apple. The software has been in development for more than a year, but has been released at a crucial time with revelations about US-led surveillance sparking fears over the integrity of American-designed software. Known simply as the China Operating System, or COS, the software can run on PCs, tablets and smartphones and has been based on the open-source Linux operating system. Chinese media say that the OS has been created “entirely independently” in order to provide better localization for a range of features – from Chinese-language keyboards, to integration with the country’s banks. At the launch of the event, one of the developers involved with the project reportedly criticized Western software , saying that Apple’s iOS was too closed, that Google’s Android OS suffered from fragmentation (ie, too many versi
Post a Comment
Read more