Milk prices hit record levels

Milk prices are soaring, but many dairy farmers are still feeling the pinch from several tough years.

Some farmers have been recently offered record prices for their milk.

Mark Billing, President at United Dairy Farmers of Victoria and Colac dairy farmer, told Tom Elliott there was no doubt the situation was better than it had been, but farmers were also facing inflationary pressures.

Press PLAY below to hear him explain