AI summary
UK dairy farmers face severe financial distress as processor price cuts push milk sales below production costs, threatening the sector's viability.
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UK dairy farmers face further pressure as milk processor cuts prices
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Freshways lowers price paid to producers by 7p a litre, prompting warnings confidence in the sector is ‘at rock bottom’“Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”.Most of the UK’s dairy producers were already being paid less for their milk than it costs to produce it after a year of volatile farmgate milk prices, combined with the impact of the summer’s drought and soaring costs of vital fuel and fertiliser triggered by the conflict in Iran. Continue reading...
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