Sheep gross margins riding high

THERE’S MONEY in sheep. That’s the official word out of NSW Department of Primary Industries (DPI NSW) and it’s borne out by what people are seeing in the paddock.

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The DPI NSW 2017 sheep industry analysis shows gross margins for Merino fine wool enterprises have risen by 55 per cent since 2016 to generate $554 per hectare, based on a 10DSE/ha stocking rate.