Photographer: Brendon O'Hagan/Bloomberg

How a Dairy Firm at the End of the Earth Is Trying to Rule the World

  • N.Z. dairy crisis spurs debate over Fonterra’s strategy
  • About 80% of Kiwi dairy farmers are operating at a loss

In the shadow of a snow-dusted volcano on a corner of New Zealand’s North Island, a sprawling expanse of stainless steel vats, chimneys and giant warehouses stands as a totem of the tiny nation’s dominance in the global dairy trade.

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