Because the Farm Bill has not passed in Congress, it is estimated that a gallon of milk could cost $6 as the price of wholesale milk soars.
U.S. Agriculture Secretary Tom Vilsack said on Monday that milk prices will spike if a new Farm Bill isn't passed or the old one is extended before December 31.
The end of the year marks the end of dairy price supports. Farm policy will revert back to the 1949 Farm Bill and old parity laws will mean dairy producers could get twice the current cash price. Secretary Vilsack says that dairy processors would respond by raising their prices, too.
Dan Rice, General Manager and Partner at Prairieland Dairy in Firth, says that he believes the price of milk will spike and that consumers will feel the pain in the grocery store. The good news, however, is that he doesn't believe that prices will stay high for long.
"I think the government will prevail and they will pass some type of Farm Bill. So, even if they don't get a full Farm Bill passed, they will pass some type of dairy policy," said Rice.
The Senate passed its version of the bill in June, and the House Agriculture Committee approved a similar version in July. But the House Republican leadership declined to bring a bill to the House floor, contending that they did not have the votes to pass it.
Shoppers that we spoke with say that they're concerned about rising prices at the grocery store.
One mother told us that she will look into shelf stable milk and soy milk as options to serve her family.
Other shoppers told us that she compares all of the sales flyers for local stores so that she can find the best price.