Australian Wool Growers Back Mandatory 2 Percent Levy

Nov. 21, 2003 -- Australian wool growers have voted to continue paying a mandatory levy of 2 percent of the value of the clip to fund research, development and innovation in the wool industry.

Earlier this week, Wool Poll 2003 released the results of the vote which closed on Nov. 7 and indicated that more than 57 percent of growers voted in favor of maintaining the existing levels of collection.

Australian Wool Innovation (AWI) chairman, Ian McLachlan, welcomed the results saying it is a vote of confidence in the Current AWI board. He indicated that he is aware that AWI?s revenue has fallen over time as the industry struggles with drought and the current price slump.

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