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Wool report: Harvest costs impacting farmers
This week The Country's Jamie Mackay is joined by PGG Wrightson's Grant Edwards to look at the wool market this month.
Edwards talks about the downward slump the market is currently experiencing, and how a shift in our currency has influenced all exports and farmers' harvest costs.
Mackay exemplifies the situation with a Southland farmer's shearing costs coming to around $7,000 NZD and his net cost of wool product coming to around $3,500 NZD, and goes on to say that the current prices are not sustainable.
Mackay brings up the issue of the Wiltshire self-shedding sheep breed, and how it could affect the wool industry.
Edward notes that this is a possibility, but sheep are duel products as they are a source of meat as well as wool, and it would take a long time to create a sustainable process for farming.
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