Adinnieken on 31 December 2012
FYI -
I don't think the fiscal cliff ends farm subsidies.
What it does is ends a rule that overrode a law from post-WWII forcing the Agriculture Dept. to buy milk at a price more than double the current price. So the price of milk would skyrocket due to the lower volume of milk available.
In fact, it would appear a farm subsidy will be enabled by the fiscal cliff in that the US government will be buying milk at a considerable premium despite the fact that the market is much lower.
http://www.examiner.com/article/milk-prices-to-fall-off-fiscal-cliff-to-8-gallon-if-republicans-fail-to-act
