Northern Tablelands - Economy

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.

Read more about this topic:  Northern Tablelands

Famous quotes containing the word economy:

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)