Originally published on Mon December 31, 2012 4:34 pm
It’s not just the so-called "fiscal cliff" that Congress is trying to resolve Monday. A tentative agreement on what’s been dubbed the "dairy cliff" is aimed at avoiding a government-induced spike in the price of milk.
Northwest dairy farmers are paying close attention to those negotiations. Without an extension of the farm bill, a 1949 law will kick in, forcing the government to buy dairy products at hugely inflated prices by today's standards. That would create an artificial dairy shortage.
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