Wool levy vote lost

Preliminary results show wool growers have voted against a levy.

New Zealand wool growers look to have declined the opportunity for a new Wool Commodity Levy Order to be introduced following a Referendum which closed on Friday 10 October.

“Preliminary results show the result is against the introduction of a levy. Final votes are yet to be counted, as some voting envelopes are still in transit and will be processed until Wednesday, however it seems unlikely the outcome will change now,” said Sandra Faulkner, Chair of the Wool Levy Group.

As at Tuesday 14 October, wool growers voted 43.2% to 56.8% against the levy while the weighted vote from larger enterprises was against the levy 40.29% to 59.71%. . .

“Our challenge was to ensure that wool growers understood the proposal to introduce a levy under the Commodities Levy Act and get a strong voter turnout,” says Sandra Faulkner, Chair of the Wool Levy Group.

“We are delighted with voter turnout of around 47% – most commodity levy act votes struggle to get over 35%. Wool growers have certainly seen the importance of getting involved in this event – I can only reiterate my sincere thanks to all those who took the time to read the proposal, ask questions and vote.

“Growers have elected to operate in a purely commercial environment and there will be some disappointment that this continues to see our $700 million wool industry without an independent, internationally recognised, non-commercial voice.

“However, the significant involvement in the conversation around this proposal and ultimately, in the future of our wool industry, from growers through to end use retailers, researchers and educators, across all wool types, has certainly been encouraging.” . . .

When more affluent customers are looking for greener options, wool ought to seek itself.

It is a natural, renewable product sourced from free-range animals.

A levy would have helped get that message through to more customers.

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