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

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.

Green but not much grass!

Dairy farmers in the lower North Island are working on protecting next season, according to Federated Farmers dairy chair Richard McIntyre, who farms just north of the Horowhenua township of Levin.

Rural Advocacy Hub announced for Fieldays

This year’s Fieldays will feature a Rural Advocacy Hub - bringing together various rural organisations who are advocating for farmers and championing their interests as one team, under one roof, for the first time.

Featured

HortNZ levy vote looming

Commercial fruit and vegetable growers are being urged to their say in the upcoming levy referendum to enable Horticulture New Zealand (HortNZ) to continue its work for the sector.

Fonterra appoints new CFO

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

National

Rural GP's inspiring legacy

The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial…

Off the radar

A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media…

Machinery & Products

GPS in control

In a move that will make harvesting operations easier, particularly in odd-shaped paddocks, Kuhn has announced that GPS section control…

» Latest Print Issues Online

The Hound

Wrong, again!

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…

Reality check

OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter