Australian wool totals are forecast to be down by 12.7 per cent on last year — a drop of 43 million kilograms, and the lowest yield since 1924, when the industry was much smaller.
Crossbred wool has been regarded as the "poor cousin" of the merino, but farmers' record high prices are thanks to an interesting fashion trend overseas.
New shearing sheds are no easy task to build, but the McGorman family's new custom shed on their property in Sanderston, 80 kilometres east of Adelaide, is worth every cent.
An association with the Royal Family drives demand for a famous Queensland teddy bear, and creates new job opportunities for refugees.
The tides are changing in Australia's billion-dollar wool industry as more young women continue to weave their way into traditionally male-dominated careers.
With the wool market now riding above $20 a kilogram, growers are keen to get their wool out of the paddock and into the auction room.
Australian woolgrowers are set to benefit from the suspension of wool exports from South Africa to China due to an outbreak of foot-and-mouth disease.
Roger Fletcher catapulted himself to success, forming one of the country's most successful agribusinesses, which now exports grain, fibre and meat globally from its family-run headquarters in central NSW.
Controversial Australian Wool Innovation chairman Wal Merriman resigns, saying he is proud of what has been achieved during his tenure.
A director of an embattled wool body demands an immediate retraction, following a lobby group's submission to a review of her organisation's conduct.