If a deal is not reached before January 1st, agricultural experts say prices for dairy products will skyrocket.
“When we have one expire and we don't have an extension or whatever like we did this year we have a situation where our producers are going to get some protection but those policies are really not going to help them much other than it's going to cause really high prices for certain commodities,” said Joe Outlaw, a Texas A&M Extension Economist.
Outlaw says if the Farm Bill does not pass, policies will revert to price support formulas in the 1938 and 1949 acts, which will mean substantial increases in prices at the grocery store.
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