Trade Influences In Australia’s
Allocation Market: Can Allocations Provide
Environmental Water?
Author(s)
A. Loch & H. Bjornlund
Abstract
Over the last 25 years water markets in Australia have been used to transfer
water entitlements and allocations between irrigators, helping them to manage
the risks associated with water supply and the demand for structural change.
More recently governments have entered entitlement markets to purchase water
for the environment. This paper hypothesises that a focus on purchasing
entitlements will not motivate a sufficient number of irrigators to engage in the
provision of environmental water. It is hypothesised that governments may
need to enter the allocation market to secure long-term arrangements for
counter-cyclical provision of environmental water. Avoiding any negative
impacts of interference on the traditional users of this market requires a greater
understanding of how irrigators currently use allocations, and what drives their
decisions to buy and sell. This paper provides the findings of qualitative research
involving 39 irrigators in three states within the Murray-Darling Basin in
Australia. The findings provide a preliminary assessment of the factors
influencing irrigators’ decisions to trade allocations and how these factors
change across and within seasons. Irrigator attitudes toward government use of
the allocation market to support counter-cyclic environmental water provision
are also examined. Overall, irrigators appear comfortable with the notion of
trading in allocations with the government, rather than in entitlements alone.
Keywords: allocation trading, environmental water provision, trade influences,
Murray-Darling Basin.
Keywords
allocation trading, environmental water provision, trade influences,Murray-Darling Basin
Related Book
Other papers in this volume
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