Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact ....Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact price and price volatility of water, market power, economic welfare of water traders, and what social and economic impacts water reforms in the past decades have in the Basin. The findings will provide critical evidence for evaluating future water reforms, building resilient rural communities and safeguarding food security.Read moreRead less
Adapting for an uncertain future: farmer behaviour in water-stressed basins. Given the future risk of water scarcity, farmers will need to plan for greater farm-level adaptation. Drought and policy reform have inflicted significant economic, social and personal stress upon Murray-Darling Basin rural communities. This project aims to aid water managers and policy makers with a greater understanding of transformational farmer adaptation in order to plan for the economic, social and health impacts ....Adapting for an uncertain future: farmer behaviour in water-stressed basins. Given the future risk of water scarcity, farmers will need to plan for greater farm-level adaptation. Drought and policy reform have inflicted significant economic, social and personal stress upon Murray-Darling Basin rural communities. This project aims to aid water managers and policy makers with a greater understanding of transformational farmer adaptation in order to plan for the economic, social and health impacts of future water scarcity from climate change and water reform-related policies. The focus will be on the Murray-Darling Basin, as well as undertaking a comparative analysis with water stressed basins in the United States.Read moreRead less
Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further ....Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further water market products may increase water market efficiency; and, the nature and sources of transactions costs in markets. Benefits from this project will enhance resilience and adaptation of irrigators to future climate change and water shortages, as well as providing future policy guidance.Read moreRead less