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LEGISLATION WOULD TRIGGER MILK PRICE INCREASE

SHARE LEGISLATION WOULD TRIGGER MILK PRICE INCREASE

CBS News reported Friday that legislation wending its way through Congress would require increases in additives in milk and raise its retail price about 40 cents a gallon.

The "CBS Evening News" said the legislation is being written primarily by the special interests that would benefit most from it.The report said dairy producers would receive an almost immediate windfall of $2.5 billion to $3 billion as a result of what CBS characterized as "a hidden tax on consumers."

The legislation would trigger a price increase for milk by requiring a higher amount of milk solids in all milk, the report said.

The legislation has been passed by a House subcommittee and has been attached to a farm bill designed to be passed without changes or even full debate, it said.