Promoting New Zealand’s Mohair Industry
Our goal is to grow New Zealand’s mohair industry, and keep producers up to date with the latest industry news and trends.
A brief history
During the early 1980s, Mohair Producers Inc. was comprised of mohair enthusiasts who ran field days and an Angora goat-quality inspection system.
It was a boom time for our industry — the market price for mohair rose from an average of $8 per kg to $18 per kg, and there were extremely generous tax incentives for anyone wishing to get involved.
As a result, an Angora buck could sell for between $40,000 and $60,000 with the top price reaching a staggering $120,000. And due to the tax incentives, a goat producer could buy a goat for $60,000 and write it down in their books for as little as $6.
So, on paper, mohair production was an excellent investment, and it wasn’t long before corporate investors got involved causing producer numbers to surge from 50 to 3000.
The mohair industry changed virtually overnight, however, in the early 1990s.
New Zealand opened its doors to allow goats to be imported from Australia. This greatly increased the level of stock available, and the Government adjusted the tax laws accordingly causing the value of goats to plummet.
Since then, the New Zealand mohair industry has shrunk, and there are currently only 153 mohair producers left.
The market for mohair is now hugely undersupplied. At its peak, worldwide mohair production reached 24 million kg per annum. Today it is just under 3 million kg. This supply shortage means that the return on mohair is now about 3 times higher than sheep’s wool — a huge opportunity for anyone wishing to enter the industry.
If you would like to learn more about the lucrative mohair industry, contact us now.