WOOL PRICE PROBLEM

Press, Volume CVI, Issue 31343, 13 April 1967, Page 16

WOOL PRICE PROBLEM

Discussion By Farmers A remit that the possibility of a guaranteed price for wool be investigated, which was moved at a meeting of the meat and wool executive of North Canterbury Federated Farmers in Christchurch was held over after discussion. Members decided to hold the remit until the Wool Research Commission had released its study on wool marketing. Mr L. E. Taylor, of Oxford, in proposing the remit, said that if wool prices rose or fell, the wool industry suffered. If prices rose the wool suffered from price resistance and if it fell customers were lost who had bought at a higher price the previous year. Farmers should do something before all their customers turned to synthetics.

Mr B. H. Palmer, of Hawarden-Waikari, said the instability of wool prices was already being investigated and in August the executive would have a better knowledge of the marketing of wool.

A major problem, he said, was to find someone to guarantee the wool. In Britain the taxpayer guaranteed the British farmer, but lost when the price felL