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flag Severe flooding in northwest Queensland damaged three cattle stations, but all staff are safe, and the company says financial impact is manageable despite no flood insurance.

flag Severe flooding in northwest Queensland has impacted three cattle stations—Carrum, Dalgonally, and Canobie—owned by Australian Agricultural Company, prompting concerns over livestock losses, though all staff and families are safe. flag The company, which holds about 55,000 cattle across the affected properties, cautioned against comparing the event to the 2019 floods that killed an estimated 457,000 cattle and caused $47 million in losses, citing differences in weather, cattle numbers, and market conditions. flag No flood insurance is carried due to high costs, but the company affirmed its financial position remains strong despite a likely material impact. flag Favorable weather continues across its other operations in southwestern Queensland and the Northern Territory. flag Shares fell 2.4% to $1.42 in early trading.

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