Young Queenslanders are returning to rural properties, convinced there is a profitable future in the cattle industry.

Mackay Wales Law principal lawyer, Patrick Sutton, said one of the attractions for young people going back to family stations is the scrapping of stamp duty payable on debt that was implemented by State Government.

Figures run by the National Farmers Federation claim the gross value of Australian cattle and calf production in 2009-10 was $7.27 billion.