"When it comes down to it, farming is a business," said dairy farmer Doug Rebout

Rebout has been living on the same farm for the last 50 years. Although he is well aware of the decline in dairy farming, he is adamant on powering through. 

"We have looked at it, we've made the decision on our farm that we are going to keep going with it," Rebout said.

The collapsing prices of milk have forced many farmers in the country to call it quits. Not being able to pay bills can put a lot of stress on farmers. 

"There's good years and bad years," Rebout said. He added the good years are meant to build cash reserves in anticipation of the bad years. 

University of Wisconsin-Madison Director of Dairy Policy Analysis Mark Stephenson said he's not surprised at the declining trend. 

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