Milk Prices Expected to Hit Record Highs

Associated Press ^ | Fri Apr 23,11:04 PM ET | By IRA DREYFUSS, Associated Press Writer

[7.62 x 51mm]

WASHINGTON - Consumers are likely to see milk prices rise, probably to record levels, because the Agriculture Department is raising the minimum price paid to farmers to a record high, dairy experts say.

The department announced Friday it is raising the new minimum price for farmers to $1.69 per gallon, a 50-cent increase. The previous record was $1.40 per gallon in February 1999.

[7.62 x 51mm]

Locally, here in the York County (PA) area, a gallon of milk is $3.09; heard on the news this morning, on the way into work, that a $.58 hike will take it to almost $3.70/ gal. Yikes!

[AlbertWang]

OK, now let us kill off the horrid "Milk 'Stash" advertisements. These never sold a single quart of milk, but cost the Dairy farmers millions.

High milk prices are due to a wide number of factors, including several bad years for the dairy trade, a problem in the BSE factory, high beef prices (lots of cows have gone to burger), and no more heifers coming in from Canada.

[ml/nj]

almost $3.70/ gal. Yikes!

The headline here should really be Government Prints More Money.

When I was a teenager (early 60s), the daily New York Times was a nickel and a quart of milk was a quarter, five times as much. Today's copy of the Times is a dollar so if milk had risen proportionally a quart would now be five dollars. And you complain about paying less than four for a gallon!

ML/NJ

[mtbopfuyn]

But what about the children?

[M0sby]

"Let them eat cake!".

[M0sby]

Thanks for the article.
At the present time, our local 7-11 stores sells 2% milk for $1.99/gallon. I wonder if even 7-11 can keep up that loss leader?

[Bronco_Buster_FweetHyagh]

Classic example of political special interests, kickbacks, and abuse of the constitution.

[TheExperiment_Is_Over]

Why is the government in the milk biz anyway?

[John H K]

Why is the government in the milk biz anyway?

Because we have socialist farm policies.

[Poundstone]

Big deal. Milk is still cheaper than "designer" bottled water.

[kellynla]

and if the truth be known, the feds have tons of powdered milk warehoused...

The plain label milk in So Cal is 2 gallons of non-fat for four dollars...cheaper than what we're paying for gas...now if I could just figure out a way to get the Jeep to run on milk...LOL

ohhh for the all the 7.62's I fired in my time...fugedaboutit!

[Types_with_Fist]

because the Agriculture Department is raising the minimum price paid to farmers to a record high

I'm not real good at economics and stuff but, if farmers are getting subsidized more, why are the farmers raising prices? Seems to me that, with more money to float their enterprises, they could keep prices the same or even drop them.

[DeaconRed]

Of all the rotten luck
I am putting the finishing touches on a car than runs on milk
It runs in the family
My grandad started 1UP
It failed so he tried 2UP
My dad took over and tried 3, 4, 5 & 6UP
I joind the Army.

[ChadGore]

It's all about Milk. (c)liberal_drivel
Big Milk. (c)liberal_drivel
Haliburton Stole The Milk. (c)liberal_drivel
Military Milk Complex. (c)liberal_drivel
No Blood For Milk (c)liberal_drivel

See how silly these comodity arguments are ?

[sergeantdave]

Forget milk.

My favorite beer just got jacked up to $10.49 a gallon. Now that's a crisis. Beer is nothing more than reconstituted water that makes your head hurt if you imbibe a wee too much. You shouldn't have to pay so much for colored water with bubbles. How about a congressional investigation.

[manic4organic]

It's President Bush' fault! /sarcasm off

By the way, I buy organic milk. It's already about $4.00 per gallon, but I pay more for no hormones for the kids. My teenager has enough to start with.

[q_an_a]

nice post. in 1970 a movie cost 2.00 and a loaf of bread was 24 cents. if they prices stayed the same a movie would be close to 15.00 a gallon of gas and a laof of bread have remained constant in their 30 year pricing.

[chainsaw]

Milk Prices Expected to Hit Record Highs

It must be OPEC's fault. Which makes it Bush's fault.

[John W]

Furthermore-what does a gallon of milk cost in Europe?Shouldn't we be paying that much?
/sarcasm

[DManA]

These idiots are killing the industry. Milk consumption is plummeting. The market is screaming "LOWER PRICES" but these jerks can't hear.