A projected 23 per cent increase in Australia’s sheep flock since the last drought in 2020 has created a glut that has sent prices into free fall, as farmers scramble to sell before hot weather hits this summer.
Bindi Murray, a farmer in Woodanilling, WA, isn’t at the point of destroying animals but is struggling with much lower livestock prices. She worries that the WA sheep industry is in danger of losing critical mass and that will have a knock-on effect on rural communities and jobs along the supply chain. She said it was heartbreaking and morale-sapping to see lamb prices collapse after a period of high prices and strong demand.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: