Wool Growers Enjoy Record High Prices in 2018
"It was a record year" said Prager. "We wrote wool checks larger than I ever thought I could imagine. We have the best story in Agriculture."
He explains some of the driving forces behind this year's higher wool market.
Prager said "Wool is a textile fiber. And the consumer traction that's gained; we're talking fine gauge network. I mean in two words-wool socks. Washable, consumer friendly wool socks. These aren't grandpa's old scratchy gray ones-we're talking the good stuff."
And he looks for the higher wool prices to continue in 2019.
"We have a tariff situation with China and there's always a little trouble around the world somewhere" said Prager. "But, we have no surpluses and the market fundamentals are solid and I think we'll see that this spring."