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Milk prices are already high in some states, upwards of over $4.50 per gallon! What’s more important is that there is an issue that may make milk prices to increase to over $8 per gallon by the new year! The Washington Post wrote an article explaining all the details about WHY milk prices may go up and here’s the nitty gritty about it.
Congress has not renewed the “farm bill” that renews federal support for dairy farmers
Congress has to make some sort of effort on the bill by Dec 31st
What happens IF Congress and the Government do nothing: the Agriculture Department would have to buy dairy products at $40 per hundredweight (about twice the current price). This would drive milk prices up to as much as $8 per gallon at stores all over
Now another factor in the milk price rise is there is not as much demand for the dairy product as there once was. The generation that drank mostly milk has now since hit retirement age and older. Newer generations have since come up with milk replacements like soy milk, juices, and more. A perfect example of the supply and demand struggle.
Even with the prices of milk going up you can STILL get it and save money.
- Walmart allows overage to be applied to the cart so you can always use that overage to cover milk
- Use ECB, UP Rewards, and Balance Rewards Points
- Shop around, sometimes convenience stores have milk at a cheaper price
So if prices do go up on milk what will you do? Stop buying milk or find a milk alternative?This post may contain affiliate links or sponsored content, read our Disclosure Policy.