The Department of Primary Industries says 10% of New South Wales is in drought with a further 20% of NSWs heading towards being drought declared as seasonal conditions deteriorate.
Grazier Tom McGuiness has 25,000 sheep to feed on Bigga Station which he said is costing him $10,000 a week in grain purchases due to the dry conditions but says commodity prices for wool, lamb and mutton remain high giving him confidence to make a profit without having to reduce his flock.
Mr McGuiness praised the State government’s Farm Innovation Fund which has approved more than $200 million worth of low-interest loans for drought preparedness and capital improvement work since 2013.