NORTHERN Australian cattle producers continue to deal with the fallout from the 2011 Indonesia live export ban.
In announcing a full-year loss after tax of $8.4 million, Australian Agricultural Company managing director David Farley said last week a drop in land values was "a reality".
Mr Farley said the ban and the following cut in import quotas by Indonesia had led to a write-down of property values across northern Australia.
He said AACo's properties that were carrying export cattle for Indonesia were written down, while others that had some capital investment were not.
"It will be felt on the balance sheet of our company and smaller producers until restitution is made," Mr Farley said.
However, Mr Farley, in an announcement to the Australian Stock Exchange, was positive about the year ahead.
He said AACo had achieved a $63 million turnaround improvement in operating cash flow and had a record herd poised to generate cash this year.
Mr Farley said tenders for a new abattoir in Darwin were due this month.
