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by olliej
2980 days ago
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It is, just (for a variety of reasons) not super profitable in the US. But there’s also scale, etc involved - Fonterra is cumulatively a huge dairy producer so has significant pricing power. Also as far as I can make out (moved from nz to the us many many years ago) farming in the US seems to be much less efficient - the mere existence of subsidies speaks to that. (Minor edit: I did a quick google to make sure I was still right about the above statements, and per Wikipedia - so 100% accurate - NZ is the only developed nation with no subsidies or price rules on agriculture, and Fonterra alone is responsible for 30% of global dairy exports) |
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