Article: `A TERRIBLE YEAR' FOR STATE'S DAIRY; Record highs, lows in two years' time mean a wild ride for farmers.(NEWS)

Byline: MATT McKINNEY; STAFF WRITER

Those cheap gallons of milk at the grocery store may lighten shoppers' moods in this bleak year, but it's been another story on the farm.

Paul Liebenstein, who milks 300 cows at his farm in Dundas, Minn., has lost more than $1,000 a day for much of the year. "It is a terrible year in dairy," he said.

A global crisis has been in full swing across the dairy industry for much of this year, with record low prices and a steep drop in demand ruining farms that just two years ago saw profits soar along with prices for milk and cheese. Dairy farmers here have slaughtered their herds, with at least 250,000 cows sent ...

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