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Cattle breeding more profitable than wool
28 Feb 2005
In 1990 there were 26,000 specialist woolgrowers; now there are 12,000. It is a trend typical of Australian farming: the part-time farmer who relies on off-farm income (and is not necessarily interested in making a profit), and the full-time farmer who must make money or get out. Among woolgrowers, the top quarter of woolgrowers (who earn about 60 per cent of wool income) have made a farm business profit, on average, of $77,146 a year over the past five years. Those who also ran cattle or grew grain earned more, while the top 25 per cent of cattle producers earned, on average, $148,131.
The Australian, 28/02/05
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