World milk glut squeezes farmers, consumers

Courtesy MSNBC.com: Business  Mon, 05/25/2009 - 12:51

Darrell Kraus spends almost as much today on hay and other supplies for his herd of 160 cows as he did a year ago, but he's getting paid less for a gallon of milk than his father in the 1970s.<br /><br />He blames middlemen who buy the milk from the dairies.A collapse in milk prices has wiped away the profits of farmers, driving many out of business while forcing others to slaughter herds or dump milk on the ground in protest.



 

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