Friday, 02 November 2012 15:03

Feds welcome WSI sale

Written by 

Farmers are counting down the days to when major shareholdings in New Zealand Wool Services International (NZWSI) will be on-sold by the receivers.

"In a green-aware age, bales of wool should be flying out of our woolsheds. As they are not, is why management consultants could describe the wool industry as a 'problem child'," says Jeanette Maxwell, Federated Farmers Meat & Fibre chairperson.

"New Zealand Wool Services International is our largest exporter but two of its major shareholders are in the hands of receivers. This is not a criticism of the receivers. Their role is to keep things ticking over rather than making strategic decisions.

"Wool has a strong future and this future is a discussion point next week in Wellington during Federated Farmers 2012 Meat & Fibre Council meeting.

"In November, HRH the Prince of Wales and patron of the Campaign for Wool is visiting New Zealand. I am certain Prince Charles will catalyse interest in wool as one of the greenest fibres we have.

"The priority is to get WSI's two major shareholders out of the hands of the receivers and into the hands of a company that will grow our industry. Being a Kiwi I would dearly love to see these assets remain in local ownership.

"We need to make progress with consumers and that is what the Campaign for Wool is aimed at. Then we have innovators, like The Formary and Icebreaker, taking wool in bold new directions.

"Finally, we need our largest exporters at the top of their game, no matter who owns them.

"It is why WSI's two major shareholdings need to leave the hands of the receivers and we cannot wait for this to happen," Maxwell says.

More like this

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Migrant farmer 'lets the side down'

An appalling case of migrant worker exploitation on a Southland farm isn't acceptable, says Federated Farmers dairy chair Richard McIntyre.

On a mission to add value to wool

While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.

Featured

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.

Two hemispheres tied together through cows

One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.

National

Ploughing Champs success

Sean Leslie and Casey Tilson from Middlemarch, with horses Beau and Dough, took out the Rural News Horse Plough award…

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Machinery & Products

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

AGTEK and ARGO part ways

After 12 years of representing the Landini and McCormick brands in New Zealand, Bay of Plenty-based AGTEK and the brands’…

100 years of Farmall Tractors

Returning after an enforced break, the Wheat and Wheels Rally will take place on the Lauriston -Barhill Road, North-East of…

» Latest Print Issues Online

The Hound

Crazy

OPINION: Your canine crusader was truly impressed by the almost unanimous support given by politicians of all stripes in Parliament…

More!

OPINION: As this old mutt suggested in the last issue, MPI looks a very good candidate for some serious public…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter