wool cheque

wool cheque

n
(Agriculture) NZ the annual return for a sheep farmer
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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"It is up to the wool handler to maximise the value for the wool producer and a good wool handler can make a big difference to the wool cheque.
But before then he wants to refine his technique to benefit both his speed on the stand and his wool cheque back home.
Once upon a time the wool cheque would pay the rent on tenanted farms but nowadays it amounts to very little.
THE WOOL cheque may be down on last year but high clearance rates at the British Wool Marketing Board's (BWMB) wool auctions in the first half of 2013 means the organisation is heading into the new wool season in a strong marketing position, according to its chief executive officer Ian Hartley.
Based on these prices next year's average wool cheque will be nearly double last year's and three times the average wool cheque of two years ago.
"If so, producers can look forward to a higher wool cheque next year," he said.
"It's good news for producers who will have seen an increased wool cheque this year.
Producers will also receive a smaller wool cheque this year as their prices fell from 35.9p/kilo to 33.2p/kg.
"There was a time when the wool cheque would pay for the farm's annual rent," he said.
Although prices for the 2010 season have yet to be finalised, extremely strong demand in recent months - two planned sales were actually cancelled due to a shortage of wool - means that farmers can this year look forward to an average increase in the region of 15p per kilo (ppk) in their wool cheque.
At last November's annual conference, BWMB officials admitted to over-optimism and said the 2013 wool cheque would be one-third less than predicted.
This year's wool cheque will be substantially increased but Gethin says that despite the difficult times of recent years when wool prices have been very low he's been encouraged by the support given to the wool board by sheep farmers.