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Sheep Farming Best Bet for Profit, Australian Report Finds

21 August 2014

AUSTRALIA – Producing lamb has a bright future but only if investment can be made.

This is according to market analysts at Holmes Sackett, who this summer have underlined the superior performance of sheep farms in comparison to beef and arable units.

Efforts put into ensuring productivity and business resilience are vital, stated the Prime Lamb Situation Analysis.

Strong focus on production per hectare is to thank, with biggest profit margins seen on farms focusing on production for Dry Sheep Equivalent (DSE).

Where lamb production struggled against cropping and wool was in drier regions with less than 650 mm rainfall.

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