Water investment companies score bumper year as farmers hit by drought

Irrigators are asking whether lack of transparency and speculation by big players is adding to price increases

As drought grips the country, the investment companies that have moved into the water market are looking at a bumper year, even as farmers prepare for the worst.

Companies such as Duxton Water, which holds 75GL of water in the Murray-Darling basin, and the ill-fated Blue Sky Investments, are now major players in the water-trading market. Unlike some of the big irrigators which also have large holdings, they do not have significant farming enterprises on which to use their water and will be banking on thirsty crops to drive up prices.

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