Sign me up for all three. I would give a kidney for an excellent, guilt-free wool business suit.
My major concern with sheep farming is that it is done at an intensity which keeps their ranges quite barren of flora. Tree and bush saplings and many native plants cant withstand grazing levels so ranges which could reforest and be more fertile wild or semi-wild habitats, end up tundra-like despite having much more potential for diversity, conservation or sustainable productivity.