Milked Dry: The awful price being paid by Australian dairy farmers for the milk we drink. 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. 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. 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. Many of these farmers were already angry after the company locked them in to supply $1 supermarket milk. But that's nothing compared to the fury they feel now. Four Corners investigates the mismanagement that's led the dairy industry into such despair.

Four Corners is Australia's premier television current affairs program. It has been part of the Australian story since August 1961, exposing scandals, triggering inquiries, firing debate, confronting taboos and interpreting fads, trends and sub-cultures. Its consistently high standards of journalism and film-making have earned international recognition and an array of Walkleys, Logies and other national awards.