Four Corners - Milked Dry

Milked Dry: The awful price being paid by Australian dairy farmers for the milk we drink.

"We're locked in to produce milk for three years to this company that has shat in our face." Dairy Farmer

They're the farmers who get up at five in the morning, day in, day out, to provide milk for the dairy products we eat and drink every day.

"You wake up and you just rack your brain about how you're going to save some money to survive." Dairy Farmer

The shock decision by Australia's biggest dairy company, Murray Goulburn, to cut the price of milk paid to farmers has left many trapped in a nightmare of debt and despair.

"The very minute that we got the letter that said that's what the price is going to be, we decided, no, we can't keep going like this, that we would finish up." Dairy Farmer

Four Corners visits the farms where it's costing farmers more to make the milk than they can get for selling it. The situation has become so desperate that some farmers are selling off their prized cows for slaughter, others are walking off their farms for good.

Watch the video