Sheep and beef farmers have given the seal of approval to
co-fund the $65 million Collaboration for Sustainable Growth
red-meat sector initiative, paving the way for the programme
to proceed.
When Andrew Paterson visited a factory in the United States
that turned his fine wool into socks, he came away feeling
extremely positive about the future.
New Zealand's red-meat sector is at a ''critical junction''
and farmers have given the message they want action to turn
around the precarious situation, Beef and Lamb New Zealand
chairman Mike Petersen says.
Sheep and beef farmers may be in for a tough time with
profits predicted to halve this season as the full impact of
lower lamb prices and widespread drought starts to hit home.