Economy
Cannon Rocks is close to an area called "The Golden Mile" of dairy farming. It is a strip of land between the sea and the Woody Cape forest that is very well suited to dairy farming. This historically drove the development of the area. Recent price collusion between major milk-buying companies Clover, Parmalat and Woodlands have left the once prosperous farmers facing bleak futures, with herds reduced and many farmers opting for beef cattle.
The economy of Cannon Rocks is primarily retirement housing, holiday houses and weekend visitors. The beaches are immaculately clean and safe due to the very low number of visitors and the fact that there is approximately 100 km of untouched bush and beaches to the west.
Cannon Rocks does not have a retail outlet and residents and visitors buy basic commodities in Boknesstrand or Kenton-on-Sea. Basically the only commercial activity is the Post Office Agency. Kenton-on-Sea also provides several banks and associated commercial activities.
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—Ralph Waldo Emerson (1803–1882)