ALBURGH, Vt. – Milk prices are down. So are spirits on Newton Reynolds’ dairy farm, where red ink is flowing faster than the milk from his Holsteins.
Last year, Reynolds was getting nearly $20 per hundred pounds for the milk. Now, he’s getting about $11.50.
By his estimate, that works out to a $130-a-day loss for each of his 550 cows. Already, he’s had to let go three farmhands and lean more on his wife and three of their four young daughters to help milk cows, clean stalls, nurse calves and balance the books.