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Experts warn milk prices could skyrocket if Farm Bill isn’t passed

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As we wait for Congress to pass the Farm Bill, experts say we could see milk prices getting a lot more expensive in the new year.

Lawmakers have until the end of 2013 to reach a deal on the Farm Bill, renewing subsidies for dairy and other commodities.

If they don’t, we could see prices spike to $7 a gallon.

We’re told the key sticking point that is holding up the bill is funding for food stamps.

House Republicans want to make changes that would drop nearly 4 million people from the SNAP program next year.

Republicans argue the proposed reforms would close loopholes and stop ineligible people from receiving food stamps.

However, Senate Democrats disagree.