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Wheat farmers call for united export company

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The NSW Farmers Association has called for the establishment of a grower-controlled not-for-profit entity to control the export of Australian wheat. The Association says a grower-controlled wheat export marketing company, together with a national wheat pool, will allow them to borrow money far more easily from financial institutions. Multiple exporters would be involved and a national pool would be established to enable growers to improve their marketing to overseas buyers, the association's grains committee chairman Mark Hoskinson says. Hoskinson will present the association's submission to a Productivity Commission inquiry during a hearing into the nation's wheat export marketing arrangements in Sydney on Friday. Growers had paid dearly since deregulation of the bulk export market, Hoskinson said. "What we want to develop is a completely new system based on the single desk national pool system, where growers can collectively market their grain and reduce their individual risk and maximise the returns back to growers through this not-for-profit company."

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