Farming families unite to sell portfolio of water entitlements
- By: "Farm Tender" News
- Dairy News
- Jun 24, 2019
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CBRE Agribusiness has been appointed to sell just under 35% of available B Class and smaller shares of A and C Class water entitlements (both <1%) in the Barwon-Darling Unregulated River Water Source Zone.
The entitlements are being offered by several farming families (principally cotton growers) on the basis that the water entitlements might be returned to the Barwon-Darling river system.
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CBRE Agribusiness agents Danny Thomas, Richie Inglis and Col Medway have been appointed to sell the portfolio.
Mr Thomas noted that the vendors had been monitoring public sentiment and the growing commentary around the alleged causes of the degradation of the Barwon-Darling river system and were offering their water entitlements voluntarily.
“In doing so, the vendors have provided an opportunity for government, conservation groups or others to acquire the entitlements on commercial terms,” Mr Thomas said.
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“This is the opportunity for vocal critics to redirect those water entitlements away from agriculture and, in effect, take real action to return water to the Barwon-Darling river system.”
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