This report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).
This industry consists of farms that are primarily engaged in sheep farming. Sheep are farmed for their meat and wool.
Farms engaged in a mixture of livestock and grain farming produce the largest share of wool and meat. These farms are included in reports AO122 Grain and Livestock Farming in Australia, and AO123 Sheep and Beef Cattle Farming in Australia.
The primary activities of firms in this industry are:
- Prime lamb raising
- Raw sheep milk production
- Sheep farming
- Wool growing