WoolProducers' Pre-Budget Submission 2020-21 focuses on representing the needs of woolgrowers to Treasury across the areas of market access, drought, biosecurity, environment, freight and transport infrastructure, telecommunications, business viability, workforce and rural research, development and extension services.

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.