Each dairy producer in Florida will lose an average of $709,000 this year, according to a report by a state legislative committee.

“Milk prices have come way down, but our costs remain very high,” says Joe Wright, who runs a 1,400-head dairy in central Florida. “It’s a double whammy that’s really hurting the industry.”

Production costs in the Southeast are usually much higher than other parts of the country.

The state legislature is looking at things that would help the remaining 140 dairy farms, such as easing environmental regulations and providing tax credits that would encourage more development of bio-fuel.

Read “Florida’s Milk Industry Soured by Bad Economy.”

Source: The Jacksonville Observer