IRRIGATION & AGRICULTURE THE SYNERGY BETWEEN WATER & FOOD - - PowerPoint PPT Presentation

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IRRIGATION & AGRICULTURE THE SYNERGY BETWEEN WATER & FOOD - - PowerPoint PPT Presentation

Jul 03, 2023 276 likes •570 views

IRRIGATION & AGRICULTURE THE SYNERGY BETWEEN WATER & FOOD SECURITY 24 MARCH 2015 ALISTER WALSH - WATERFIND CEO About one third of all Australian women live in rural or remote areas and they are the backbone of rural and remote

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IRRIGATION & AGRICULTURE

THE SYNERGY BETWEEN WATER & FOOD SECURITY

24 MARCH 2015 ALISTER WALSH - WATERFIND CEO

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“About one third of all Australian women live in rural or remote areas and they are the backbone of rural and remote families and communities.” KATE ELLIS, MP

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PRESENTATION TOPICS

  • What is water trading?
  • What is affecting food security?

− Droughts & Floods − Water Management

  • Water markets innovation
  • What does the future hold?
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WHAT IS WATER TRADING?

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  • Cap on extraction
  • Unbundling of title between water and land
  • Unbundling of elements of water
  • Structure and regulation
  • Water sharing plan/ rules around allocation
  • Clarity of rules that facilitate the transfer of permanent and

temporary water rights between water licence holders.

  • Way for irrigators to interact and transfer rights/ trade

WHAT IS WATER TRADING?

FUNDAMENTAL REQUIREMENTS

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

FARMER FARMER FARMERS FARMERS

INTERMEDIARY WATER EXCHANGE

  • Transparency
  • Legal Structured Contracts
  • Equal Information = working market
  • Access to a greater volume of water parcels
  • Experienced team acting on your behalf
  • Conveyancing to complete all paperwork

BENEFITS

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

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HOW WATER RESOURCES ARE SHARED

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

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HOW WATER RESOURCES ARE SHARED

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HOW WATER RESOURCES ARE SHARED

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

Lake Eildon - Australia

2008 Lake Eildon

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

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2012 Lake Eildon

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2014 California

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2014 California

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The OECD forecasts that by 2050, 40% of the world’s population will live in a stressed water basin.

WHAT IS AFFECTING FOOD SECURITY?

DROUGHTS & FLOODS

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WHAT IS AFFECTING FOOD SECURITY?

DROUGHTS & FLOODS

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FOOD SECURITY CHALLENGES

  • Vulnerability to climate change and climate variability
  • Increasing land degradation and soil fertility decline
  • Increasing reliance on imports of food and food production

inputs

  • Poor nutritional intake
  • Improving water management

EXISTING & EMERGING

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  • Australian agriculture has maintained its leading position by

producing food on the driest inhabited continent, on low quality soils and in the face of continual climate variability

  • Strong capability in climate change research including

studies on impacts, adaptation and mitigation

  • Strong agricultural R&D capabilities
  • Innovative methods of water management

AUSTRALIA AND GLOBAL FOOD SECURITY

Overview of Australia’s key strengths to building food security

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WHAT ELSE IS IMPACTING FOOD SECURITY?

Southern Murray Darling – Drought Impact

  • Allocations were as low as 18% of their

nominal entitlement at which time temporary water peaked at record prices

  • River banks were slumping
  • Native fish faced extinction
  • The Coorong was 5 times saltier than

the sea

  • Contingency plans were made to supply

bottled water to Adelaide and other communities

CASE STUDY

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

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WATERFIND’S WATER MANAGEMENT INNOVATION

PIONEERING THE ONLINE WATER MARKETS

WATER LICENCE ALLOCATIONS COMPLIANCE WATER NEEDS WATER MARKETS

Stipulates how much water can be taken

  • ut of a river system

and is often aligned with a property. Government appointed Water Authorities allocate the volume of water that can be taken from a river system as a percentage. Government appointed Water Authorities provide specific trading rules that govern licence in relation to their licences. Water users identify specific volumes of water that they required for the irrigation season. Water markets facilitate the trading

  • f water between two
  • parties. Waterfind

provides the most extensive water market in Australia.

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AUSTRALIA’S IMPROVING WATER MANAGEMENT

DEVELOPING WATER MARKETS

ACCESSIBILITY Access the market anytime, anywhere, on any web enabled mobile device LIVE MARKET Trade online instantly MARKET INFO Make informed decisions based on free, relevant & timely market data

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KEY WATER MARKET OBSERVATIONS

Temporary Contracted Trades Pricing From 1/ 7/ 2013 – 31/ 3/ 2015

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“Australia did something which no other country could conceivably have managed – in a large irrigated agricultural economy a 70% reduction in water availability had very little aggregate economic impact. This extraordinary achievement is, in my view, the single most important water fact of the 21st century, because it shows that it is possible (with ingenuity and investment) to adapt to rapid climate change and associated water scarcity.” PROFESSOR JOHN BRISCOE, HARVARD UNIVERSITY

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QUESTIONS

ALISTER WALSH T 0448 890 426 E alister.walsh@waterfind.com.au T @Waterfind

Freecall 1800 890 295