Selling the Farm Silver? Understanding Water Sales to the Australian Government

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• 作者：S. Wheeler (1) sarah.wheeler@unisa.edu.au
  A. Zuo (1)
  H. Bjornlund (12)
  C. Lane Miller (1)
• 关键词：Water entitlements – ; Environmental water sales – ; Murray ; Darling Basin – ; Irrigators
• 刊名：Environmental and Resource Economics
• 出版年：2012
• 出版时间：May 2012
• 年：2012
• 卷：52
• 期：1
• 页码：133-154
• 全文大小：304.7 KB
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• 作者单位：1. CRMA, School of Commerce, University of South Australia, Adelaide, SA 5000, Australia2. Economics Department, University of Lethbridge, Lethbridge, AB, Canada
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Environmental Economics
  Economic Policy
  Economics
  Environmental Management
  
• 出版者：Springer Netherlands
• ISSN：1573-1502

文摘

In 2007–2008 the Australian federal government committed $3.1 billion over 10 years to purchase water from irrigators in the Murray-Darling Basin and to deliver this water to key environmental assets. Given that water entitlements often represent one of the most valuable assets owned by irrigators, this study investigates irrigators’ willingness to sell water, and their actual water sales, to the government. It uses 1,570 surveys from 2008–2009 and 2010–2011 in the southern Murray-Darling Basin. Water sales can be classified as either last resort or strategic. Overall, the results suggest that farmers who do not hold strong traditional farming attitudes, and have higher debt, lower farm income, larger high security water entitlements, lower water allocations over the past 5 years, and those who have been net sellers of water allocations are more likely to have sold water or are thinking of selling water to the government. A dynamic comparison of how water sale preferences change, and an estimate of the total amount of water entitlements irrigators are willing to sell, indicates that it is probable that there will be enough water offered to the program in the future, at least to meet initial minimum environmental water targets. However, other concerns indicate that a potential restructure of the program may be required.