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Wool margins double those of wheat farms
8 Feb 2005
Farmers in Western Australia are being urged to reinvest in sheep flocks, and even switch away from grain. The profitability of grain farms, including canola, wheat and barley, has declined. Australian Wool Innovation, an industry group, said the price of wool has remained steady in recent months and that increased stocking rates on individual farms would increase profit margins. AWI consultants say farmers could make more money from wool at today's prices, and the profit margins per hectare could be more than double that for wheat.
West Australian, 08/02/05
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