Proactive response to wool report

Agriculture Minister David Carter has warned the wool sector not to drop the ailing industry's latest survival blueprint as he said has happened with previous documents.

"I am conscious that previous reports on the wool industry have dropped like a stone and I don't want to see that happen with this one," Mr Carter said following yesterday's release of the Wool Taskforce report on restoring profitability to the strong wool sector.

• Fighting must stop, report says

"It is now up to the industry and its leaders to ensure it doesn't."

The minister praised the report, which calls for unity, a single industry voice and a market-driven strategy.

A meeting yesterday of wool industry participants appeared to have made a start fulfilling Mr Carter's directive by agreeing to recruit an independent chairman to facilitate a single body representing the wool industry.

Mr Carter said the task force had delivered everything he asked of it by preparing a strategy to end 40 years of declining wool prices.

Federated Farmers Meat and Fibre chairman Bruce Wills said it was a useful starting point and he said yesterday's meeting of the wider industry was committed to restoring profitability.

"The consensus in the room was a need to carry on the good work of the task force."

This was the fifth report on restoring profitability in 40 years and Mr Wills said prices had declined to their lowest level.

But the industry's desperate state could be the impetus for dramatic change.

"The hope is that often you have got to wait until it almost falls to bits so you can reorganise again.

"We have got pretty close to that this time."

 

Add a Comment