Data Refutes Hoarding Claims in Southern Murray-Darling Basin
Posted on: Tue 23 Mar 2021
Within the financial year of 2018 to 2019, the cost of irrigation water from the Southern-Murray Darling Basing rose by 140%.
Increasing from $230/ML to $550/ML, this had been the largest spike seen since the 2001-2009 Millennium Drought. Consequently, stakeholders have blamed corporate investors of water hoarding for the devastation this has caused communities.
Recent data analysis, published in the Australian Journal of Agriculture and Resource Economics, found that data records implied no evidence of hoarding between 2017 to 2020.
Barometer’s Leon Bishop spoke with Adam Loch, Associate Professor at the University of Adelaide with the Global Centre for Food and Resources, about this situation.
Produced by Leon Bishop
Image sourced: denisbin (CC BY-ND 2.0)
