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Potential milk price hike raises concerns

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WILMINGTON, NC (WWAY) -- Along with the fiscal cliff, have you ever heard of the dairy cliff? The Farm Bill is set to expire and that could send the price of milk sky rocketing, some reports say double.

One local grocer says that could be bad news because milk is such a basic, staple item.

"It means whether the price goes up or goes down people generally buy the same quantities of them," Ben Long, General Manager at Carolina Farmin’, said. "It's very similar to gas because prices can double and people have to get to work and people still need to drink milk."

The price of milk affects just about everyone, and not just milk but all sorts of dairy products. One shopper we spoke with says you are not stuck with dairy

"I suppose that if it got more expensive than the alternatives like soy milk and almond milk people might start switching and that might affect the market," Mike Kelsey said.

Still families go through a lot of milk, and for some cutting back will be the only way.

"It still is too early to speculate on whether prices will fluctuate up or down," Long said.

So like the fiscal cliff, we wait and watch.

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Air is going up too!

The demand for air is going to skyrocket, driving the price beyond what the breathing public can pay. As soon as they can muster up a way to charge and tax for air, you can bet they will. It's a greedy world we live in and only getting worse!

Milk Inflation?

Its not just milk. Everything is going up. A can of Campbell's soup has increased 100% in the past 2 years. The Fed is printing our money as fast as they can to pay the Goverments dept and causing the inflation. Its just the beginning.

Not quite

1) Food prices have been going up, but don't forget we had severe droughts that killed massive amounts of corn and wheat this year. And other agriculture producing areas have struggled with floods or drought as well.

2) Milk prices have been kept well below "fair market" prices by government subsidies, if that bill expires those prices will go up to what the market would have made them in the first place. That is NOT inflation caused by the Federal Reserve's low interests or Quanitative easing

This also highlights how American's love to scream about subsidies but never realize how much they rely on those subsidies themselves.

Milk, Cotton, Gasoline, Wheat, etc would all be more expensive without subsidies...or "handouts","pork","give aways"

This is why I laugh when I hear people claim they "never took a dime" or "never got anything" from the government

This

is a DIRECT result of Obamanomics....expect MORE in the next 4! YOUR AN IDIOT if you think for ONE SECOND that businesses are going to swallow increase costs. Exxon, GE, and other business like the one mentioned above operate on PROFIT. Their business plans have set how much profit they need to make. They will increase costs of goods and decrease their work force/benefits to keep it. ITS HOW BUSINESS WORKS! The Democrats operate on taxation LIES. What do you think happens when increased taxation hits business? It gets passed to the consumer. The rich, it doesn't hurt. The middle class just takes it on the chin, some get dropped into the poor class and the poor get even MORE POOR. Democrats are for taxing the EVIL RICH corporations...which is nothing more than HIDDEN taxation on ALL of us! That's all corporate taxes are...hidden taxes on the people.

7969

BLAME IT ON OBAMA? PRICES HAVE BEEN GOING UP FOR YEARS.WE PUT UP WITH 8 YEARS OF BUSH, WHY NOT OBAMA? THEY ARE ALL THE SAME. FULL OF BS

Really?....

"A can of Campbell's soup has increased 100% in the past 2 years."

No it hasn't...unless you're buying it at a convenience store...even then I doubt is gone up that much.