Velmar Green is a dairy farmer born into the business; his Green Meadow Dairy Farm milks 3,000 cows three times per day. But the cost to operate the farm just keep on climbing.

"It's gone up about a third. On the farm we paid $69,000 out for fuel in May, and so our cost have gone up dramatically for fuel and dramatically for fertilizer," Green said.

All of those factors drive up the cost of his product. Green says he's seen the price of milk used for dairy products on his farm rise from $1.40 per gallon in 2006 to $2.09 per gallon right now, and it's expected to hit $2.33 per gallon this fall; and that's before processing costs, but he says it's not just milk prices that consumers could see increase.

"Probably cheese; cheese prices increase more than milk prices," Green said.

But farmers say this year's Midwest floods could make milk prices even more painful, because less corn production means more expensive feed for cows; also driving up the cost of milk.

"Because of all the rain in the Midwest, the corn crop is going to be a lot shorter than it was," said Ken Nobis of the Michigan Milk Producers Association. "Now if the corn crop is extremely short, that's going to drive the price of corn higher, it's going to drive our prices higher and the milk prices will have to follow."

A pinch that both consumers and farmers will soon feel.