The beef producer said flood levels in the Gulf region had “largely receded” now, enabling on ground assessments of the impact on both livestock and infrastructure to be undertaken.
The company said that minimum estimated survival rates on Wondoola station were 10-20 per cent, on Conobie station 60-70 per cent, on Dalgonally 20-30 per cent, and on Carrum 65-75 per cent.
Extrapolating these numbers suggests that on a worst-case scenario, a minimum of 29,625 cattle on the four properties would survive. Before the floods, the four properties carried a total of about 82,500 head of cattle.
“As anticipated, the scale of the flooding event has seen cattle distributed over great distances outside of defined property boundaries. It is estimated that tens of thousands of kilometres of boundary fences across the Gulf region have been destroyed and it will be some months before these are fully repaired,” AACo said.
AACo said that early estimates of the cost of repairing damage to fencing, station and water infrastructure and other equipment was in the range of $6 million to $8 million.
But AACo stressed that the impact of the flood on its herd would not affect its ability to fulfil its supply obligations.
Shares in AACo shares were down 0.5 per cent at 98 cents on Tuesday.