Farm-state lawmakers back plan to avoid dairy price jump

WASHINGTON — House Agriculture Committee Chairman Frank Lucas, R-Okla., and Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., backed a short-term extension of a farm law that lapsed Sept. 30 as the Obama administration warned that unless Congress acts, retail milk prices could almost double.

By: ALAN BJERGA and DEREK WALLBANK, Bloomberg News