Dewsbury dairy farmer Tom Rawson and his family are among those facing a challenging year ahead.
After months of falling prices paid to farmers by processors for milk, the National Farmers’ Union says some now receive just 20p per litre (ppl) at the farm gate - the lowest price since 2007 with milk now cheaper than mineral water in some supermarkets.
Mr Rawson, 36, a farmer of 300 cows at Thornhill Hall Farm, expects to break even at the very most in 2015.
He said: “We have seen a reduction of 10ppl litre over six months. When you are producing 1.5 million litres a year, it makes a big difference.”
Farmers criticised dairy firm First Milk at an industry conference today after it withheld payments to farmers following a global crash in the price of milk.