Thumbs Up: Interstate Water Trading for Queensland and New South Wales

Earlier this month, an amendment to the Border Rivers water resource plan allowed for water trading between Queensland and New South Wales for the first time. This development will hopefully enable water users, especially farmers to make more efficient use of their water allocations. Specifically, the amendment allows Queensland irrigators to either sell or lease all or part of their allocation in either Queensland or New South Wales. Also, Queensland irrigators can enter the New South Wales market to buy more water if they are looking to expand their production, and vice versa.

– View the Media Newswire article