FinTech, RegTech and AgTech provide substantial opportunities for Australia’s wool industry through digital and financial innovations that could lead to transformational efficiencies for businesses throughout the wool industry pipeline. WoolProducers supports the opportunities outlined in the issues paper for Australia to prepare for and take advantage of potential benefits that can be achieved through opportunistic approaches to development of these technologies. These opportunities may be either incremental or transformational in nature, and will require sufficient support so that industry can reap the rewards of positive innovation in X-Tech.

The WoolProducers AGM was held on 14 November, 2019 where new independent director, Mrs Stacey Lugsdin, was welcomed to the WoolProducers board of directors. Mrs Lugsdin is a woolgrower from Hay, NSW and has completed both the Australian Institute of Company Directors and Australian Rural Leadership programs.