Wool: Prosperity Then Reform

David Hall

Chapter Chapter 10 in Agricultural Economics and Food Policy in New Zealand, 2021, pp 141-155 from Palgrave Macmillan

Abstract: Abstract This chapter discusses horticulture and wool farming in the 1950s and 1960s. Increase in wheat acreage created transport, storage and distribution problems. During the Korean War, the wool tonnage purchased by the USA from New Zealand increased fivefold and prices tripled. The organisation set up in the 1940s to handle wool surpluses finished and a national scheme replaced it with the objective to offer ‘greater resistance to any downward trend’. Synthetic fibres began to compete with wool sales. Wool reform debate demonstrated the difficulties in modernising farming. Proposals for compulsory acquisition were rejected. But Government removed from the Legislation provision for agreement by growers before powers of acquisition could be used.

Keywords: Horticulture; Korean war influence on wool exports; Synthetic fibres; Wool industry reform (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-3-030-86300-5_10

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DOI: 10.1007/978-3-030-86300-5_10

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