By: Jessica Cihacek
jcihacek@kcautv.com
Unless Washington acts fast, the Fiscal Cliff will arrive on New Year's Day, but there's a lot of talk about another issue that would certainly affect many of us here, in the Midwest.
That's a farm bill, which, if not decided on by the end of the year, could really hit our pocketbooks at the grocery store.
As the saying goes, there's no use in crying over spilled milk. Unless that gallon ends up costing you $8.
If legislators can't agree on a farm bill by the end of the year, that's what could happen. Consumers across the Midwest are already paying close to $4 for a gallon of milk. Congress has until January 1st to pass a farm bill that would keep prices down, by continuing to give dairy farmers financial support from the government.
Not only would milk prices increase, prices of other dairy products would go up too. But agricultural experts say, they're confident we won't see prices sky rocket over night.
And even if we do, it certainly won't last forever.
If lawmakers don't come to terms on a new bill by January 1st, they could also vote to extend the old one and buy some time.
