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Water trade cap may go
26 May 2008
Farmers are concerned that the federal government will remove the 4 per cent cap that currently limits how much water can be traded out of an irrigation district each year. Ministers from the federal government and the states with stakes in the Murray-Darling Basin met on Friday night and identified the cap as on of the points jeopardising water buy-back goals. The current target is to find 500 gigalitres of water for the environment through the Living Murray initiative by the middle of next year. Victorian farmers have already said that they are worried that mass water purchases by the government would lead to severe water reductions in some regions.
The Australian Financial Review, 24/5/2008
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