Once the most notable specimens of the valuable timber trees had been collected (most notably red cedar, but also Australian Teak, Hoop Pine, Rosewood, Silky Oak and Black and Red Bean), the Big Scrub timber trade collapsed and Mullumbimby became primarily a farming community. Like many areas of the Big Scrub, allotments were given in Mullumbimby and the surrounding areas by the New South Wales government on the condition that the owner cleared the land for agricultural use. Beef and dairy, along with bananas and sugar cane have traditionally been the notable products of the area. However, the subdivision of many of the larger farms and the emergence of numerous small scale farmers has led to a higher diversity of products. A weekly farmers' market has been developed to exhibit local produce.