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NZ Farmers dump wool levy

The Otago Daily Times has a story about Meat and Wool NZ will lose $6.4 million from its 2010/11 income after farmers decided to dump a wool levy.

The levies would have been spent on activities such as on-farm research, monitor farms and extension, shearer and wool handling training, Sheep Improvement Ltd, and the collection of wool sector data by the Meat and Wool New Zealand Economic Service:

New Zealand’s sheep farmers have dumped one of the last reminders of the former Wool Board and baulked at continuing to pay a levy for “industry good” work supporting the national wool clip.

Their decision will trigger a restructure of the Meat & Wool New Zealand industry board which evolved from the old farmer-controlled Meat Board and Wool Board. Existing funding will run out on April 18 next year.

“When the board meets this week, we will be looking across all current and planned activity areas to consider the implications,” said Meat and Wool New Zealand chairman, Mike Petersen. READ MORE.