Buybacks may not hold water – Murray-Darling

Outlet: FairFax Digital

October 18, 2010

THE Federal Government’s bold Murray-Darling Basin plan to buy up vast quantities of agricultural water could easily find that many irrigators are highly reluctant to sell their precious resource.
Chairman of listed farming business PrimeAg, Peter Corish, said his company had no intention of selling its water entitlements which were a key business asset and likely to become more valuable as food production became increasingly valuable..