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Story: Dairying and dairy products

Cash cow

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Cash cow

Fonterra Co-operative Group is New Zealand’s largest company and biggest exporter. It has an annual turnover of $13 billion, and more than 17,000 staff worldwide. It is owned by over 11,000 dairy farmers, who have a close interest in the financial matters of the company – as do the cows, according to this cartoon.

Using this item

Alexander Turnbull Library

Reference: DCDL-0002349

by Paul Ekers

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page

Hugh Stringleman and Frank Scrimgeour, Dairying and dairy products – Dairying in the 2000s, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/en/cartoon/15724/cash-cow (accessed 4 June 2026).

Story by Hugh Stringleman and Frank Scrimgeour, published 1 March 2009.