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

A steep learning curve

A steep learning curve, a very busy year and thank heavens for tractor therapy. That's how Associate Agriculture Minister Andrew Hoggard described his first year in Parliament to reporter Peter Burke at his dairy farm in the Manawatu during the holiday break.

Follow the leaders

OPINION: Farmers are urging Kiwi banks and their overseas parent companies to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.

Banks urged to withdraw from alliance

Farmers are calling for Kiwi banks and their overseas parent companies need to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.

Featured

Editorial: Will big be better?

OPINION: The shakeup to the science sector with the proposed merger of four ag related crown research institutes (CRIs) into one conglomerate has drawn little public reaction.

Co-op boosts chilled exports to China

Alliance Group has secured greater access for chilled beef exports to China, following approval for two of its processing plants to supply the market.

Expo set to deliver in spades

The countdown is on to be one of the most anticipated events in the sheep and beef industry, the East Coast Farming Expo.

New Summerfruit NZ CEO

Dean Smith has been in the role of CEO of Summerfruit NZ for about four months, having succeeded Kate Hellstrom at the end of September.

FE survey underway

Beef + Lamb NZ wants farmers to complete a survey that will shed light on the financial toll of facial eczema (FE) at the farm level.

National

Top dairy CEO quits

Arguably one of the country's top dairy company's chief executives, Richard Wyeth has abruptly quit Chinese owned Westland Milk Products…

DairyNZ seeks more cash

For the first time in 17 years, DairyNZ wants farmers to contribute more cash to run the industry-good organisation.

EPA's plan 'not good enough'

The Environmental Protection Authority (EPA) is bolstering its frontline applications teams in a bid to reduce the timeframe for new…

Machinery & Products

Loosening soil without fuss

Distributed in New Zealand by Carrfields, Grange Farm Machinery is based in the Holderness region of East Yorkshire – an…

JCB unveils new models

The first of the UK’s agricultural trade shows was recently held at the NEC Centre in Birmingham.

» Latest Print Issues Online

The Hound

Ruth reckons

OPINION: Ruth Richardson, architect of the 1991 ‘Mother of all Budgets’ and the economic reforms dubbed ‘Ruthanasia’, added her two…

Veg, no meat?

OPINION: Why do vegans and others opposed to eating meat try to convince others that a plant based diet is…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter