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Local Farmer On So-Called Dairy Cliff
Buhl, Idaho (KMVT-TV/KTWT-TV) With all the attention on the looming fiscal cliff, what about the so–called dairy cliff?
This means if Congress doesn't act soon, the price of milk could double.
The dairy subsidy expires on January 1st, and if Washington fails to act, we could revert back to a 1949 statute, forcing the government to buy milk at inflated prices.
But Buhl farmer Pete Wiersma isn't worried, he believes our leaders wouldn't let milk prices reach as much as $8 a gallon.
"I think they don't have much choice, they have to take some sort of action and sometimes their back is to the wall before they do it. But I think they'll do it," adds Wiersma.
The options Congress faces include extending the current bill, passing a new one or finding another way to prevent the U.S. from going back to the 1949 law.