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The natural progress of things is for liberty to yield and government to gain ground. —THOMAS JEFFERSON, 1788

Milk prices could triple in New Year

WREG, Memphis

Prices could soon triple at the grocery store for things you absolutely need in your refrigerator.

We`ve heard a lot about this fiscal cliff, but if congress doesn`t come to an agreement on the farm bill, which is a separate issue, grocery prices will skyrocket.

Everyone needs milk, and if congress doesn`t act fast on a farm bill it will mean you have to dig even deeper into your wallet next time you head here to the dairy aisle.

The average cost of a gallon of milk is $3.54.  But New Year`s Day the price could shoot up to over $7 a gallon.

And don`t forget that would drive up the cost of butter, cheese, ice cream and yogurt too.

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