According to the AP, top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
In addition to the one-year extension that has the backing of the committees, the House GOP is also considering two other extension bills - a one-month extension and an even smaller bill that would simply extend dairy policy that expires Jan. 1.
Source: CBS Colorado. Read full article. (link)