WILMINGTON, NC (WWAY) — If lawmakers cannot agree on the Farm Bill by Jan. 1, products like milk, which costs about $3.50 a gallon now, could double to about $7 a gallon if Congress does not take action.
Subsidies for dairy and other commodities are set to expire in January.
Rep. Mike McIntyre (D-7th District) is a senior member of the House Agriculture Committee and a proponent of the Farm Bill.
“I’m optimistic that there are some discussions going on this week that looks like we will be able to resolve some of the bits of debate. We are not sure if we will get a final vote this week. We may be voting procedurally on aspects of the farm bill this week,” said McIntyre.
Perhaps the biggest sticking point for the farm bill is funding for food stamps. The House wants to cut $40 billion in funding over 10 years forcing about 14 million people from the aid program.
The Senate version of the farm bill would cut about $4 billion by targeting fraud and abuse.
McIntyre says it looks like Congress will return in January for a final vote on the Farm Bill.