The Certificate in Wool Technology course, which had been part of the requirement for qualification as a wool classer, had been provided by Taratahi after earlier industry training initiatives collapsed in 2015.
Lincoln University and Telford had taken over the course briefly before the university pulled out and it was shut down.
''Our organisation has been working with the Southern Institute of Technology [SIT] and others to try and find a solution,'' he said.
''It's important we have a positive outcome as this is the only wool sector course available in the country.''
According to a statement from the Clutha District Council, SIT was intending to submit a proposal to Education Minister Chris Hipkins to take over operations of Telford by the end of January.
Abbott said people from all sections of the industry from all over New Zealand attended the wool course.
''As an industry we face the problem of an ageing workforce and a lack of new blood coming through, so courses such as this are a key component in our future,'' he said.
''There are not enough people to fill in the gaps.''
He said skills shortages affected all parts of the economy, especially the agricultural sector, but things had not been helped by an apparent unwillingness by the Government to take action to address the situation.