On January 2, President Barack Obama signed a bill designed to
avert the fiscal cliff. At the same time, to slightly less fanfare,
he averted the “milk cliff.” By extending the 2008 farm bill
another nine months, he prevented the automatic revival of a 1949
law requiring the federal government to buy dairy products under
certain circumstances, effectively setting a floor for the price of
milk. While the actual fate of milk prices was far from clear, the
milk cliff provided cover to continue the practices of subsidizing
wealthy farmers, to the detriment of just about everyone else.
Read more: http://reason.com/archives/2013/03/12/farm-subsidies-must-die
Read more: http://reason.com/archives/2013/03/12/farm-subsidies-must-die
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