***CONFERENCE CALL TODAY – PLEASE RSVP ASAP***
FOR PLANNING PURPOSES: CONTACT: Meredith Kelly
December 12, 2012 202.224.7433
TODAY AT 12:30 — SCHUMER: FULL IMPACT OF FARM BILL EXPIRATION IS FAST APPROACHING & HOUSE MUST PASS BIPARTISAN SENATE BILL TO AVOID “DAIRY CLIFF” – IF NOT, PRICE OF MILK IN STORES COULD DOUBLE, AND NY DAIRY FARMERS WOULD LOSE MARKET STABILITY & ASSISTANCE FROM FEDS
House of Representative’s Failure to Pass Senate’s Bipartisan Farm Bill Means 1940’s Era Dairy Law Kicks In on January 1st – Calls on House to Renew Bill Before Year’s End So that Fluid Milk Prices Don’t Double
Schumer Will Also Highlight That Upstate Dairy Farmers Have Lost Their Primary Safety Net, Due to the Expiration of MILC Program; Farm Bill Would Bring Back Fed Funding That Compensates Dairy Producers When Milk Prices Fluctuate & Cow Feed Costs Jump
Schumer: The Dairy Cliff Would Hurt Consumers & Producers Alike
TODAY, December 12th at 12:30pm on a conference call, U.S. Senator Charles E. Schumer will warn that the deadline is fast-approaching for the House of Representatives to take action and pass the bipartisan Senate Farm Bill, in order to avoid the “dairy cliff”, which would have a devastating impact on dairy consumers and producers alike. Specifically, Schumer is calling on the House to take action before year’s end, in order to avoid the real potential for consumers’ milk prices to double across New York, and to bring back the Milk Income Loss Contract (MILC) program for over 26,500 participating dairy producers in New York. MILC, which provided over $41 million to New York dairy farmers in 2012 before it expired on September 30th, is the primary safety net that compensates dairy producers when milk prices fluctuate and cow feed costs jump, as they have due to this year’s drought.
The 2008 Farm Bill expired on September 30th, and on January 1st the nation will begin to revert to 1940’s era agriculture policy. As it relates to New York dairy, that 1940’s era policy requires the government to purchase nonfat dry milk, cheese and butter at prices significantly above current market rates. The massive government purchases of dairy products under this outdated law could cause milk prices to rise above $6 per gallon, according to the National Milk Producers Federation (NMPF).
Schumer will say that the easy way out of this problem is for the House of Representatives to pass the Farm Bill that was passed by a large bipartisan majority in the Senate. He will reveal the county-by-county impact on New York dairies due to the expired MILC program, and will provide most recent average milk prices that could double after January 1st.
DATE: WEDNESDAY, DECEMBER 12th