New book says Australian water markets have failed

By Scott Hamilton and Stuart Kells
Updated September 2 2021 - 3:43am, first published 3:30am
FAILURE: A new book says it's easy to conclude that on any relevant measure the water market has failed.

What began as an informal arrangement between neighbouring farmers, where one farm's surplus water could be transferred to another, has over the past two decades morphed into a complex set of commodity markets whose annual turnover exceeds A$1.8 billion.

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