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Low Milk Prices Are Putting California Dairies in Debt.

Publication: Knight Ridder/Tribune Business News
Date: Wednesday, April 23 2003

By Leslie Berkman, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News

Apr. 23--With the farm price of milk at a 24-year low, an industry representative said California dairies are losing close to $2 million a day and digging into debt to pay their bills.

Some industry leaders are warning that the dairy owners' only hope for survival is to contribute their own money into a self-help program designed to turn down the spigot on the nation's milk production.

"Generally speaking, the dairy industry is in a world of hurt,"

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Low Milk Prices Are Putting California Dairies in Debt.

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