Rum liquors up wool and fencing at Ferguson Wool
AT first glance, it seems somewhat incongruous that Ferguson Wool Co Pty Ltd should be a rum merchant as well as a wool and fencing merchant.
However, the rum is actually Beaulieu Rum, a liquid fertiliser the company began selling in recent years from its rural merchandise stores in Bendigo, Shepparton, Maryborough, Kerang and Wedderburn.
Longer term, over its 144 year history, such is the company’s reputation for fair dealing that it has been buying wool from some family farms for five generations.
Its most popular purchase option is to offer a guaranteed price for the wool.
“What we quote is what you receive net after tax,” said managing director David Martin.
He said Ferguson Wool often had orders that allowed it to pay the full auction price for main lines in a woolshed.
Other options include a consignment option where a guidance test is made on the wool in-store and the wool is sold as the market dictates a fully tested option for large and specialist growers and a cash option for small clips and oddments, including dags.
Mr Martin said with the consignment option the grower has control of the wool until it is sold and is able to take the market price at any time, knowing the value of the clip before it leaves the farm.
He said the convenience of doing business locally by negotiation and not under the hammer appealed to many of the company’s clients.
For more information phone (03) 5448 4879 or go to the company website at www. fergusonwool.com.au.