Midway, for instance, a town on the Wasatch back situated in a location that feels similar to Switzerland, has gone from about 150 diaries to 2, as expanding housing developments buy out the high-valued farmland.
You'd think with the influx of money, and reduction in competition, it'd be easier for the remaining diaries to compete. Not so: the price of milk has remained basically unchanged since the 70s, but the cost required to run a farm has kept increasing.
So why not cash out? (A few farmers in the area have actually cashed out and moved to Idaho, and they're pretty much set for life.) Long story short, Midway is a beautiful place to live, and the remaining diaries form a pillar of the community - it's just not something the remaining diary owners, who have been farming the land for generations, want to do.
To stay in business, the remaining diaries have pivoted to artisan cheese production, with plans to produce other high-valued products, like ice-cream. Tours and locally-sourced farm stores are an additional source of income.
Of course, these are just my own two cents. I don't mean to come off overly negative about the situation. As much as I'd love to work for a FAANG, retire early, and buy a large house in an idyllic mountain town, I'd hate for that same town to loose its historical roots and what makes it that special idyllic mountain town in the first place.
Source: I'm a software engineer who lived/worked as a cheese-maker for a dairy there.