The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Yeah, good morning, Heather.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Yeah, it is.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Look, the rising cost of synthetics means, you know, they're no longer cheap and reliable.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
And you combine that with the favourable attributes of wool and a bit of supply-driven pressure.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Australia and the New Zealand sheep numbers are at their lowest point ever.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
So, yeah, a bit of supply pressure as well.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Yeah, so that tension will be removed.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
But the positive side is if people are switching to wool,
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
you know, they'll begin to understand and realise the benefits of wearing wool.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
And I tell you, once you make a conscious decision to start wearing wool and renewable fibres in general, you don't go back generally.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Oh, it was back around 2011 returns were that positive.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
And look, I mean, it is right across the board for the sector at the moment.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
mutton, lamb, beef, dairy, and you combine that with wool returns, reasonable interest rates, pretty favourable government, geez, we're in a pretty good place.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Oh, it's just the variation in the clip.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
So some farmers will have
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
You know, better colour, better length, better attributes.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
So there is a range and they generally speak in averages when doing those reports.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Oh, I mean, those efficiencies needed to happen.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
Like I said, sheep numbers are declining.
The Mike Hosking Breakfast
Richard Dawkins: Federated Farmers Meat and Wool Chair on wool prices hitting a 15 year high, surging demand
And not only that, some of the sheep, some of the genetics farmers have been investing in are shedding.