FFNZ Welcomes Wool Bill Abolition

FFNZ Welcomes Wool Bill Abolition

The Wool Bill is a satisfying culmination of the Federation's long term involvement in producer board reform, says Peter Chamberlain, Vice Chairman of New Zealand Meat and Fibre Producers.

In a submission to the Primary Production Committee in Christchurch today Mr Chamberlain said that the abolition of the Wool Board would allow the establishment of a more appropriate industry structure and provide greater freedom for growers to choose the investments they want to make in their industry.

"The Federation supports the allocation of commercial assets such as Ovita to Wool Equities Limited and genuine industry good activities to SheepCo.

"Farmers believe that the traditional levy structures are no longer appropriate or delivering the best outcomes in today's trading environment.

"The removal of the remaining statutory powers and the abolition of the Wool Board will provide woolgrowers with a greater say in their industry organisation and the spending of their levies under a commodity levy."

© Scoop Media