AU Farms on Decline

September 2, 2005

   September 2, 1005 -- The number of farms in Australia has dropped by 10 percent in the last five years, according to new data released this week by the Australian Bureau of Statistics.
   Since 1994, 20,000 farms have shut down. Just ten years ago, 150,000 farms operated in Australia across nearly two billion acres of land. Since the area of land under production remained the same, it enforces the fact that the average property size has increased.
   The economic circumstances that farmers face and the way they define a farm have been sited as the reasons for the decline.

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