Also, for those who want some information, here is an article: http://www.thedailybeast.com/articles/2012/12/29/the-milk-cliff-explained-why-a-gallon-may-soon-hit-7.html
You will discover that this literally has absolutely nothing to do with subsidies ending, but instead, has to do with the 1949 Agricultural Act. This act includes a mandate that the secretary of agriculture set a minimum price on milk. This bill from 1949 states the price is $39.53 per hundred pounds.
If the Farm Bill passed in 2008 expires (which it is set to at the end of 2012), we will be forced to have that minimum price of $39.53 per hundred pounds, which is considerably more than the $19 to $20 that farmers actually need.
If you take the current national average milk price of $3.56/gallon, you will come out to an average of about $7/gallon due to the increase in price per pound.
Money can't buy happiness. Just video games, which make me happy.
