It seems that people are coming to realise that our producers are relying too heavily on live export. In an article in Weekly Times Now Sam Paton, a rural property valuer at Agribusiness Valuations Australia, said that northern cattle producers were too heavily reliant on live export to Indonesia even before the 2011 suspension.
According to a 2009 Meat and Livestock Australia report, averaged debt per unit of livestock doubled over the course of a decade and returns on assets had crashed to less than 2%.
Indonesia dictates the conditions of Australia's live export trade. If they decide to refuse our stock, what then?