Word: sheepmen
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Dates: during 1960-1969
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...artificially high wool price that New Zealand maintains with its vast government price-support scheme is mostly to blame for the country's present plight. Last season the government wool commission, which protects domestic sheepmen, had to buy and store 650,000 bales, a third of the total output, at 47? per lb.-80 higher than the average open-market price for Argentine wool. Buyers from abroad were unwilling to pay the New Zealand price, which they considered outrageous...