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Wool was once one of New Zealand’s most exported products. But thanks to trade wars and synthetic fabrics, wool prices have plummeted. It’s left farmers with bales of wool they can’t sell and herds they can barely afford to shear. Some farmers are stockpiling wool. Some are turning to forestry and getting out of wool altogether. Business Insider follows the owners of Ruanui Station as they shear their 25,000 sheep and fight to keep New Zealand’s wool industry alive. You can check out Ruanui Station's wool blankets here: https://www.ruanuistation.co.nz/ MORE BIG BUSINESS VIDEOS: How 5.5 Million Peeps Are Made For Easter | Big Business https://www.youtube.com/watch?v=6TqcZIt7rEA How A Small Company In India Produces Over 2000 Tons Of Holi Powder Each Year | Big Business https://www.youtube.com/watch?v=Uj90lnAjbw0 How 3.5 Million Oysters Are Harvested At This Virginia Farm Every Year | Big Business https://www.youtube.com/watch?v=EDmfZJlQZwU ------------------------------------------------------ #NewZealand #Sheep #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit us at: https://www.businessinsider.com Subscribe: https://www.youtube.com/user/businessinsider BI on Facebook: https://read.bi/2xOcEcj BI on Instagram: https://read.bi/2Q2D29T BI on Twitter: https://read.bi/2xCnzGF BI on Amazon Prime: http://read.bi/PrimeVideo How NZ Farmers Shear 25,000 Sleep In 10 Days | Big Business
