Milk Prices Could Skyrocket And Devastate Dairy Farms
It's easy to get upset over the price of a gallon of gas, but you might soon be even more concerned with the price of a gallon of milk.
If Congress can't agree on a new farm bill before the end of the year, you could be paying up to seven or eight dollars for a gallon of milk.
And that has both shoppers and farmers in Alabama very worried.
They say milk does a body good, but the same can't be said for your wallet. You can pick up a gallon right now for about four dollars. But one man says he'd have to get his milk somewhere else if the price continues to climb.
"I would buy me a cow, I'd buy me a cow, sure will," said Cedric Jones, who buys milk every week.
But that might not be the best plan. David Gilmer owns a dairy farm in lamar county with about 200 cows and he's worried he could be out of business soon.
"As I see it that's one of the most dangerous things that can happen," said Gilmer.
If congress lets the current law expire, we'll go back over 50 years to law from 1949, forcing the price to almost double. And some people say they just wouldn't pay over $7 for milk.
"I like milk, I like it well but if it keeps going up like that I'll have to try an alternative," said Montgomery resident Larry Weaver.
"No sir, no sir, I wouldn't," said Jones.
And that would spell disaster for Gilmer's farm.
"They're not going to pay for it. And when they don't pay for it we lose our market. And if we don't have a market, we're history," said Gilmer.
Congress can put off the decision and extend the current farm bill, but Gilmer says that makes it almost impossible to plan for his future.
"If we said, well, things are good today, I think I'll go borrow a few million dollars and expand this. What happens next week. The bottom falls out. I'm sitting there with a big note. Next thing they know they've hauled it away," said Gilmer.