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Government considers buying out Darling River cotton industry
11 Aug 2008
The federal government is considering a proposal to urgently spend $600 million to buy six major cotton producers, and their water licenses, along the Darling River and return the allocation to the river for environmental purposes. The ACF has delivered a submission to the government amid concern about the future viability of Lake Alexandrina and Lake Albert, near the mouth of the Murray. The Lakes have fallen below sea level and are in danger of suffering irreversible environmental damage. The Murray Darling Basin Commission says the plan to buy the six big producers would not save the Lakes because 80 per cent of the water would be lost before getting to the Lakes. The properties include Tandou at Menindee, Toorale Station and the Darling and Collie Farms in NSW as well as Cubbie and Balandool in Queensland.
The Australian Financial Review, 11/08/2008
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