A survey of British dairy farmers suggests almost half are contemplating hanging up their milkers for good because of low milk prices, according to an article published in Farmers Weekly.
Of those farms remaining, 45% have put expansion plans on hold for the foreseeable future.
That could leave Great Britain with just 5,000 dairy farms, and could leave the island nation short of fluid milk and dairy products. Some 434 dairy farmers have left the business in the past year.
The main reason for leaving the business were milk prices below the cost of production, long hours, banks no longer will to provide credit and lack of a business successor.
Survey results could be somewhat questionable, however, since just 200 dairy farmers participated in the survey, conducted by the Royal Association of British Dairy Farmers. The survey was conducted this past summer.