Milk Prices Could Hit $6 a Gal. Without Fiscal Deal

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Dairy farmers are concerned milk prices hit record highs if Washington fails to reach a deal to avoid the the fiscal cliff.

The outcome of the fiscal cliff deal could affect the farm bill. 

The last farm bill passed in 2008 and is now expiring. If Congress doesn't pass a new measure by Jan. 1 or extend key provisions, certain factors kick in that could send milk prices to $6 a gallon.

Should that happen, some dairy producers worry shoppers will switch to exported dairy products.

Agricultural industry leaders hope new farm legislation can be included in any fiscal package.

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