The devastating floods which recently hit North ##land have reportedly killed more than 500,000 cattle in the region , while a further 150,000 are at risk of extinction , a crisis which is set to have a longer - term impact on the nation 's beef market . Analysts have warned farmers could face price hikes , as the disaster will have a " significant impact " on supplies . Ag Force spokesman Michael Guerin said the beef farming industry will take " decades " to recover . Approximately half of all Australia 's cattle are located in Queensland .
The devastating floods which recently hit North Queensland have reportedly killed more than 500,000 cattle in the region, while a further 150,000 are at risk of starvation, a crisis which is set to have a longer-term impact on the nation's beef market. Analysts have warned Australia could face price hikes, as the disaster will have a "significant impact" on supplies. Ag Force CEO Michael Guerin said the beef farming industry will take "decades" to recover. Approximately half of all Australia's cattle are located in Queensland.