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Food cliff
  • The 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. But House leaders have yet to say whether they will allow a vote on it.


    One of the real big issues is that most food prices are heavy subsidized. US is not the leader here, but in EU sponsorship is very big. If, due to some reasons farmers and manufacturers sponsorship will be removed, shock will be severe.