Price of a gallon of milk could double in the new year - wistv.com - Columbia, South Carolina

Price of a gallon of milk could double in the new year

Experts say the price of a gallon of milk could double after Jan. 1. Experts say the price of a gallon of milk could double after Jan. 1.

WILMINGTON, NC (WECT) - According to local grocers, the price of milk could increase next week because the dairy subsidy is set to expire on January 1.

Carolina Farmin' General Manager Ben Long said it is likely the store will have to raise its prices, but it is too soon to say by how much. Some experts say the price of a gallon could double.

Here's why:

As part of the agriculture bill, the federal government buys milk and other produce if the price gets too low to help keep farmers in business. However, the bill expired this summer and because Congress has failed to act, the government could be forced to buy milk at a higher price come the first of the year.

That increase would trickle down to consumers, Long said, because stores would have to pay more for milk.

Customers we talked to are shocked to learn about the potential increase.

"It's like everything else that's constantly going up," said Jae Morono. "But you know what's not going up -  how much I make, how much all of us are making."

Long said he hopes Congress acts to prevent the price hike.

"It's just another example of something that's going to hurt a lot of families," he said.

We contacted Rep. Mike McIntyre (D-NC) about the potential price increase. He stated, "I voted for and support a new Farm Bill that will stop this potential increase in price of milk.  I have been actively pushing for House leadership to bring this bill for a full vote to protect consumers, farmers, and rural communities."

We have reached out to Senator Richard Burr (R-NC) and Senator Kay Hagan (D-NC) to find out if they plan to take action to prevent the price hike. We're waiting for responses from them.

Copyright 2012 WECT. All rights reserved.

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