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Outlook bright in northern Australia
31 Oct 2006
Australian Agricultural Co said its operations were largely unaffected by the dry conditions. "Unlike the southern half of Australia, the majority of AACo's properties are experiencing an above-average season with ample supply of pasture and stock water," AACo said. The company was looking to acquire "tens of thousands" of cattle at drought-affected prices to add to the current herd of 560,000 head across almost eight million hectares in north Queensland and the Northern Territory.
The Australian, 31/10/06
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