15th April 2016 Allocation Announcement: NSW Murray General Security remains at 23%. General Security in the Murrumbidgee remains at 37%. Next Announcement 02/05/16
Carryover of unused water allocation from one water year to the next allows an irrigator certainty of supply.
This ‘capacity’ to carryover water is very attractive to other irrigators and has a value to them. In recent years irrigators have paid for the use of someone else’s ‘carryover capacity’.
Basically a fee per megalitre for use of the capacity has been paid and the buyer, by means of a temporary transfer, places his own or bought in water on to the licence. The water is returned to the buyer immediately in the new season.
This transaction creates a certainty for the buyer that he will have that amount of water for use at the start of the new season at a known price. This type of water purchasing would be particularly advantageous when locking in to forward contracts.
Pricing will reflect the price and availability of water at the time and the outlook for commodity prices. Last season ‘carryover capacity ‘was sold at $30 per megalitre.
If this product is of interest please give me a call or complete the online enquiry form available on this site.
The water market is particularly volatile, should the information provided on this site not meet your needs or answer your query, please contact me by phone 02 6931 8522 or email email@example.com