Selling the Herd to Beat Milk Price Squeeze.

The article reports that several dairy farmers in New York have been selling out their herds in response to the milk price squeeze. It says that one of them is Orson D. Smith, who auctioned his 150 Holsteins and was disappointed of such issues as taxes, maintenance overhead, and lower income. However, buyers at the auction, such as Robert D. Miller, believe to beat the squeeze by increasing the production, and U.S. Department of Agriculture, accordingly, had taken steps to reinforce the farmers.