The backers of a new strong wool marketing co-operative remain confident they will reach their supplier target despite extending the share offer deadline by 17 days.
The new deadline for farmers to subscribe to a minimum of 65 million $1 shares in Wool Partners Co-operative is now 5pm on December 17.
The cutoff day had been tomorrow.
Wool Partners Co-op chairman Jeff Grant said he was confident the target would be reached, but said the decision to extend the deadline was to help farmers get through the "decision-making process".
Farms owned by corporates and trusts had to comply with governance procedures, and that could take time.
Mr Grant said assurances from growers to directors, managers and field officers gave him confidence the threshold of 65 million shares representing half the nation's strong wool clip of 65 million kilograms of wool would be reached.
The co-operative intends using its size, an integrated supply chain, and brands to grow the value of wool.
