Monthly Market Reports
Monthly insights into economic, finance and trade issues affecting global demand for wool, and what this means for the Australian wool industry.
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Woolgrowers are now able to cast their vote in WoolPoll 2015, which will set the R&D and marketing levy for the industry over the next three years. WoolPoll Panel chairman Will Roberts has urged every eligible wool producer to exercise their right to have their say
Woolgrowers are now able to cast their vote in WoolPoll 2015, which will set the R&D and marketing levy for the industry over the next three years.
WoolPoll Panel chairman Will Roberts has urged every eligible wool producer to exercise their right to have their say.
“I hope every grower in the country, whether they run predominantly Merinos, produce prime lambs or have a mixed farming operation, has their say,” he said.
“Everybody is busy, particularly this time of the year, but it’s still important for growers to make a decision on how much of their income they want to invest for the next three years.
“It’s their money, and their industry’s future, so it’s worth taking the time.”
Every farmer who has paid wool levies of $100 or more over the past three years is eligible to vote on one of five options – 3%, 2.5%, 2%, 1% and 0%.
The final result will determine funding of wool research, development and marketing activities by Australian Wool Innovation (AWI) over the next three years.
In the next few days, growers will receive their voting papers as well as the Voter Information Memorandum and summary of Australian Wool Innovation’s Independent Review of Performance (ROP) to assist them in making their decision.
AWI’s CEO Stuart McCullough said the ROP, conducted by Deloitte Private, detailed the results of AWI’s investment in R&D and marketing which showed a return of $2.90 for every dollar invested.
Mr McCullough said programs that have helped growers improve profitability include:
AWI has recommended a continuation of the 2% levy.
“The Federal Government’s co-contribution is maximised for matching R&D at the 2% levy rate. Below this rate, growers are not optimising the funds the government will contribute to the industry,” Mr McCullough said.
Growers can find out more about AWI’s programs and discuss issues directly with AWI management and WoolPoll panel members by attending a roadshow presentation in their local area. Details of times and locations are at woolpoll.com.au
More information and a link to online voting is also available at woolpoll.com.au. Growers can also vote through post and fax.
Voting is open from today until 5pm (AEDT), Friday 30 October 2015. Growers with any WoolPoll queries can call the voter helpline on 1800 990 365.
Australian Wool Innovation, Corporate Communications
Mobile: +61 400 305 716