Farmers Fret As Milk Prices Plummet, Profits Dwindle

Charlie Jones got into dairy farming four years ago when the industry was on the mend after one of the worst downturns in recent history. Now he's getting a taste for what it's like when milk prices plummet and profits become scarce.

Jones, from Washington County, milks 140 cows. He and thousands of other Wisconsin farmers recently enjoyed high milk prices, only to see them drop more than 30% this year.

"I would say we are right at the break-even point now, or slightly below it. Treading water would be a good term to describe it," Jones said.

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