New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
Plant breeding research for pastoral farming has shifted from the likes of AgResearch to private institutions, says Derek Woodfield, GM research and development, PGG Wrightson Seeds.
We are also seeing the advent of more disruptive technology – things that have raised the bar, Woodfield told this year’s NZ Institute of Primary Industries Management conference.
That fundamental shift to more private investors has brought a focus on species able to generate an economic return for those companies.
Although species that are more ‘niche’ in NZ still attract investment, this country may not always be the first target of the breeder.
But there is the advent of the Forage Value Index (FVI) to give farmers confidence in the products and the returns they are likely to see.
The FVI is important; it is only in the dairy industry at the moment but there are moves to develop the FVI for sheep and beef systems and through one of the Beef + Lamb NZ lead partnership bids.
The FVI is there to provide confidence, Woodfield said. Rural companies will not survive if “we are not providing better and consistent products that work onfarm and add value”. The FVI provides as opportunity to benchmark those forages.
PGG is investing alongside industry. “In pastoral farming we would not be able to get there in genomic selection on our own. Private investment is being made alongside DairyNZ and others.
“In saying that, the fundamental drivers of forage breeding in NZ are unchanged: you must be able to deliver quantity, quality and resilience of those forages for those farming systems,” Woodfield says.
“In the last 8-10 years we have shifted our focus to trying to add environmental traits that will ensure we have licence to operate in terms of greenhouse gas emissions and nitrate leaching targets but that also can address the fundamental nature of climate change and that resilience. You only have to look back 10 years... you can see the changes already happening in Europe, and we use those as a lead in to go after targets here.”
PGG Wrightson Seeds is currently investing about $15 million a year annually in NZ in forages. They have long term partnerships with AgResearch in core breeding and grasslands innovation, with Lincoln in developing new and novel endophytes via the endophyte innovation programme and with Plant and Food in forage innovation such as brassicas onfarm now.
“We see that as critical to not only having a good strong breeding programme but also being able to link back to science and then provide a pipeline for those innovations to come through.”
With ryegrass they are seeing a 7.6% year-on-year gain in dry matter yield. The FVI provides readings on the value of different cultivars in dairy systems. There is a wide range from old cultivars with somewhat negative returns through to new cultivars yielding at least $600/ha.
White clover is consistently showing about a 1% gain per year; red clover shows increased persistence under grazing and some novel uses of that in farming systems. And the forage brassicas are showing improvements in quality and yield, etc, through being able to eliminate weeds with the PGG Wrightson management technology Cleancrop.
Plantain and chicory have been domesticated in NZ and have had the greatest impact in agriculture and farming systems here.
NZ has been the ‘beaver’ in endophytes, Woodfield says. AgResearch has led the charge. A recent report for MBIE suggests the total value of the AR37 endophyte to the NZ economy is at least $2 billion over the lifetime of that patent – at least $100m a year in additional revenue from AR37 alone.
Running a tight and self-contained ship is the key to the success of the country's largest dairy farmer, says Blair Robinson, the new man at the helm of Dairy Holdings.
Federated Farmers president Colin Hurst and his family raised a glass of milk last week to toast the start of a new addition to their farming operation at Makihihi, south of Timaru.
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
Power Farming has launched a joint venture in Southland.
Food rescue charity Meet the Need has released its 2025/26 Impact Report, revealing a record year of growth alongside a stark warning: demand for food support across New Zealand is rising faster than supply can keep up.
As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.

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