1000 acres i too small to be economic as a wheat producer in Saskatchewan, Canada. I suspect it's the same in Australia. Definitely cannot support multi-million dollar tractors or combine harvesters.
The rule of thumb in Saskatchewan is about 10,000 acres per employee. There are lots of farms with less than 10,000 acres, but they generally don't have employees.
1000 acres - for crop, typically located in our hot and dry areas - is a hobby farm. 1000 acres in the wetter and greener areas running dairy cattle could be more commercial (but I lack experience there). The people I know running commercial farms are 10,000+ hectares.
What pulls up the average would be our cattle stations (ranches for the Americans) if they count as farms. These are huge - eg. Big ones 2-6 million acres.
> A survey of farm practices with 1312 grain producers found that in 2011, the average farm size was 3810 ha (a little less than 10,000 acres)
https://www.yieldgap.org/australia
1000 acres i too small to be economic as a wheat producer in Saskatchewan, Canada. I suspect it's the same in Australia. Definitely cannot support multi-million dollar tractors or combine harvesters.
The rule of thumb in Saskatchewan is about 10,000 acres per employee. There are lots of farms with less than 10,000 acres, but they generally don't have employees.