Democratic Senator Debbie Stabenow said Sunday that the House and Senate have developed a short-term farm bill extension.
Lawmakers say it would last one year. But, so far, it’s unclear when the House will bring the measure to a vote.
If the measure isn’t passed before Jan. 1, the formula for calculating the price the government pays for dairy products defaults back to a 1949 statute.
Under that formula, the government would be forced to buy milk at twice today’s price, driving up the cost for everyone.