Jim Davenport's alarm clock rings at 2:45 am every morning. That's when he climbs out of bed for the day's first milking of his 64 cows. It's not the long hours that scares this longtime dairy farmer, it's the string of lean years that has him weighing whether to just pack it in. If things aren't any better at the end this year than they were last year, Davenport promised himself "it's time to consider."

"That's the first time I've ever said that, but that was my New Year's resolution," he says, standing in his barn in Ancramdale, a hamlet about two hours north of New York City. On a windy and glacially cold January day, his milk cows - Holsteins and Ayrshires - stay inside the barn. They calmly chew their constantly replenished feed or lounge next to the 20 cats who keep the rodent population under control.

Heavily bundled up and sporting a green baseball cap branded with the logo of his dairy cooperative, Davenport walks from one animal to another, calling them by name and occasionally mentioning their birthdays. The mustachioed farmer with cheerful eyes will tend later to his calves and heifers, housed in outdoor sheds.

At almost 60 years old, Davenport could see himself working another 20 years - he loves his work and the idea of feeding people. "But I'd like to at least make some money doing it, or at least come out of it debt free," he says. He rents his farm, where he lives with his wife - a retired teacher - and where they raised their two daughters.

After an exceptional year in 2014, the price of milk plummeted, not really picking up again until the end of 2019. The main problem, according to Davenport, is that Americans are "very efficient at making milk." Between genetic and nutritional advancements, cows produce twice as much milk as they did in 1980. The consumption of dairy products has gradually increased every year, but overproduction is a chronic issue.

The costs of food production - in fuel, in labor - do not stop increasing. Davenport is particularly worried about a new state law that requires him to pay workers overtime if they work more than 60 hours a week.

The reasons may vary - in too much debt, or at retirement age with no successor, or because the land is worth more than it can yield as a farm - many farmers have thrown in the towel. The number of dairy farms in the US dropped 20 percent over five years, ending up at 37,468 at the end of 2018.