Farmers diversify as lamb and wool continues decline

South Canterbury farmers say the live export of dairy cattle is becoming increasingly important for the region's economy.

A Federated Farmers survey indicates its members are expecting a bleak year ahead, with almost 64% of wool and meat farmers anticipating that their profitability will drop.

Over 20,000 thousand ewes and two-tooths have been sold at this year's Temuka lamb sale - the largest sell down since the late 1970s