AAC 0.00% $1.10 australian agricultural company limited.

weather brings mixed bag for pastoral company

  1. 334 Posts.
    Weather brings mixed bag for pastoral company giant
    Posted February 26, 2008 08:32:00

    Map: Mount Isa 4825
    The nation's largest pastoral company says there is a massive contrast across its cattle stations, with some still firmly in the grip of drought and others flourishing.

    The Australian Agricultural Company has 24 properties and two feedlots in Queensland and the Northern Territory covering almost seven million hectares.

    Spokesman David Connelly says there has been no wet season yet on the Barkly Tablelands and south of Mount Isa, but excellent rain elsewhere.

    "It's almost a contradiction. We've got these massive rains in central Queensland that have been tremendously fulfilling in some areas and tremendously devastating in other areas ... not just [for] our properties," he said.

    "We've gone from a devastating drought in some of our Queensland properties to wonderful grasses and cattle getting fat by the minute."
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