Why Dairy Prices Could Increase

Why Dairy Prices Could Increase
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Ever heard of the dairy cliff? No, it's not a mountain of ice cream, but it could mean a sudden and sharp increase in the price of milk and other dairy products.

In order to deal with a recent dairy surplus, the government is working on a new farm bill. If Congress cannot agree on a new farm bill, the law will force the industry to revert back to a 1949 farm bill and potentially cause the price of dairy to increase.

Check out the slideshow above to learn more about the potential dairy cliff and why it could lead to $7-per-gallon milk.

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