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Food Ethics | The New Cash Cow: How Solar Can Save Dairy Farms
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Borden Dairy Co., one of America’s oldest and largest dairy companies, on January 6, became the second major milk producer to file for bankruptcy in the last three months after Dean Foods, America’s largest milk producer, filed for bankruptcy in November. Borden Dairy says that tumbling milk consumption combined with the rising price of milk crippled them with debt. In addition to these two large bankruptcies in the dairy industry, more than 2,700 small-and-mid-size family dairy farms went out of business last year and 94,000 have stopped producing milk since 1992. Consumption has been dropping steadily, with overall sales falling by 13% in the last decade. It seems that many Americans are moving on from cow milk.