trial by media. Pretty unsophisticated argument really. Duxton has a tiny allocation in the market with no materiel effect apart from improving market efficiency in the longer term. Of coarse their investments have appreciated during a drought and likewise will fall during a wet year. Its called a free market. The loudest complainers are corporate agriculture companies not small farmers who generally benefit from appreciating water prices which they can sell during bad times. Ill informed populist policies are a dangerous thing.
Ann: Half Year Report and Appendix 4D, page-12
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