Thursday, November 15, 2018

New scheme launched for first time sheep farmers

June 29, 2018 by  
Filed under Livestock

British Wool has introduced a new scheme designed to support producers who have recently entered the industry.

The scheme will see eligible producers receive 100% of their clip value as an upfront payment for their first two years – along with a priority wool in-take
and grading service through British Wool’s nationwide depot network.

Producers will then transition to the standard payment scheme over the next three years by way of adjusted balancing payments. This means new entrants receive the same cash as they would have done had they been on the standard payment scheme throughout the five-year period.

British Wool chief executive Joe Farren said the scheme would ease cash flow pressures often experienced by new entrants. “Investing in the future of the industry is an essential part of our strategy, and we want to play a key role in encouraging young farmers into the industry.”

Mr Farren added: “Through this initiative we hope to appeal to young farmers to market their wool through us, and thus safeguard the long term future of British Wool for the benefit of all our members. Eligible producers will be paid exactly the same prices as all our producers.”

British Wool works on behalf of producers to increase the value of wool. It does so through downstream product marketing, product development, regular auctions, grading and processing – as well as offering a collection and drop service through its national depot network.

To be eligible for the scheme, a producer must have kept sheep for less than five years and not have been previously registered with British Wool.

Full details of the scheme and an application form are available from www.britishwool.org.uk.

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