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Murray Darling Basin Plan
$100m Indigenous Murray-Darling Basin water fund faces devaluation amid rising prices
A Murray-Darling Basin water advocacy group says $100 million in federal funding for Aboriginal water entitlements is expected to lose about 30 per cent of its value before it’s spent. The Murray Lower Darling Rivers Indigenous Nations group wants traditional owners to be given control over the funding to restore ancestral sites. What’s next? The federal government says it is taking "proactive measures" to make sure its water purchasing programs don't drive up water prices.
$100m for indigenous water entitlements while Riverland left… ‘Hung out to dry’?
Hugh Schuitemaker. An initiative to acquire water entitlements for indigenous communities – in order to "rectify historical and systemic inequities" – overlooks the financial struggles of Riverland grape growers, according to the region’s federal MP. The Federal Government has this week confirmed $100m in funding will be used to purchase water entitlements for indigenous communities in the Murray-Darling Basin, through the Aboriginal Entitlements Program.
Southern Basin communities raise alarm over water recovery impact
The Commonwealth Government water buybacks scheme will disproportionately impact the southern Murray-Darling Basin, as the region still struggles to overcome the impacts of earlier water recovery programs. Water users and local government have outlined the significant risks posed by water recovery policies to the region’s agriculture, economy, and mental health, in a letter to State and federal politicians and departments.
Local faces at water resource conference
Hugh Schuitemaker. Local mayors and a senior irrigation industry figure participated in discussions of how to approach South Australia’s future water use at a major conference ... "A key announcement was that SA Water has committed to cap its reliance on the River Murray at the current level": Riverland Irrigation Trust CEO Rosalie Auricht.
Murray Darling Basin Authority visit
An influx of Government and Government Agency staff visited Wilcannia on Monday 29th July to look at the old weir, proposed site for the new weir and meet with local organisations and the Shire. Included in the group was former Western Lands Commissioner and passionate Wilcannia and Darling River advocate Geoff Wise.
Southern Murray-Darling Basin water entitlement markets lost nearly $2 billion in value over 2023-24, despite Commonwealth buybacks
Today Aither, a Ricardo company, released their eleventh annual Aither Water Markets Report. It summarises water trading activity and trends in the 2023-24 water year and provides insights into the outlook for 2024-25 ... Following a decade of 21 per cent compound annual growth, the Aither Entitlement Index (AEI) has fallen 12 per cent since reaching an all-time high in February 2023 ...
The Menindee compromise released
As the Murray-Darling Basin Authority (MDBA) and the Commonwealth Environmental Water Holder (CEWH) continue to change the rules in their favour, irrigation communities are proposing a dramatic change that aims to benefit food producers and Australia’s largest irrigator, the Commonwealth Environmental Water Holder.
Huge, costly flaw revealed in Labor’s buybacks system leaving local growers hamstrung: Centofanti
Struggling South Australian growers could be forced to wait almost a year for compensation after selling water to the Albanese Labor Government to meet its target of 450GL for the Murray-Darling Basin. Labor has released its Restoring Our Rivers - Trading Strategy which outlines its approach to the destructive water buybacks model over the next year, claiming: “The intent of these rules is to ensure that persons or organisations with prior knowledge of market sensitive information that will be publicly announced, do not have an unfair market advantage over other water market participants”.
Enough is enough says Murrumbidgee Council Mayor
Councillor Ruth McRae OAM, Murrumbidgee Council Mayor. Enough is enough...things you all should know. Crippling water buybacks will see many communities, currently with their back to the wall, disappear, and the shiny trinkets offered by the Federal Government as compensation are $300 million. The Federal Government plans to buy back up to 450GL of water which, at our estimates, will cost them $8 billion. No surprises, there is an undisclosed amount in the Federal Budget to buy water ...
Buybacks begin for political plan
Buybacks have begun as the Federal Government seeks to add to the huge volumes of held environmental water ... The plan appears to have moved past the noble intention of a balanced plan with a triple bottom line. Now fuelled by political motives, the political plan risks the viability of irrigation companies, food-producing industries, and locks many young Australians out of the chance to be an irrigation farmer.
