Economy
The Northern Tablelands cover an area of approximately 3.12 million hectares including 2.11 million hectares occupied by some 2,300 agricultural establishments producing agricultural commodities valued at more than $320 million. Livestock production contributes approximately 90% of this annual income which comes from beef cattle, sheep and wool.
Many beef cattle studs and commercial cattle breeders are located across the Northern Tablelands which has a total of about 792,000 beef cattle. The region has approximately 3.1 million sheep. Areas around Armidale, Uralla and Walcha are noted for their superfine wool production. The Northern Tablelands has been declared an Ovine Johne's disease (OJD) Exclusion Area (EA), under the Stock Diseases Act 1923. Walcha is the site of a large modern dairy farm. Guyra produces prime lambs, potatoes, tulips and glasshouse tomatoes. Apples, pears and other stone fruit are grown at Kentucky and Arding. Pigs, bees, and more recently vineyards also contribute to agricultural production on the tablelands.
During 2008 nine local government areas in the Northern Tablelands recorded a 12 to 35 per cent growth in property values over the last 12 months and a 13 to 22 per cent rise over the last five years according to a report from Australian Property Monitors.
Gold and antimony are mined at Hillgrove. Lockheed Martin operates a satellite tracking dish near Uralla.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
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—Jane Jacobs (b. 1916)