Abbott likes Indonesia's plan for farm investment

Australian Prime Minister Tony Abbott on Tuesday threw his support behind Jakarta's plans to invest in Australian cattle farms to help end a trade dispute that has devastated his country's cattle industry and boosted beef prices in Indonesia.

Abbott's comments came on the final day of an official visit to Indonesia, his first overseas trip as prime minister, in which he was keen to focus on strengthening trade and business ties and move on from tension over refugee boats.

Indonesia has said it could buy up to 1 million hectares of Australian farmland for cattle-grazing, to improve future supplies and keep prices stable under a long-term plan to be self-sufficient.