Farmers trade water to stay afloat
Water traders in the Murrumbidgee region of the Murray-Darling Basin purchased the largest net volume of water in 2006/07, research by the nation’s commodity forecaster shows.
The research by the Australian Bureau of Agriculture Resource Economics (ABARE) also shows the Murrumbidgee region irrigated the largest area of land during the same period.
On average, net buyers in the Murrumbidgee region purchased the largest volume of irrigation water – 460 megalitres per farm – while net buyers in the Goulburn-Broken region purchased the lowest.