Researchers at the University of Adelaide analysed trade data between 2008 and 2020 and found no evidence to support the claim that anyone in the market was 'hoarding'.
"Hoarding is pretty simple," lead author Dr Adam Loch said.
"If anyone is, in large enough quantities, holding water out of the market, then in theory, they can affect the price.
"We didn't find any evidence of anyone withholding water off the market at any point during the period of concern, roughly between 2017 to 2020.
"If anything, when you look at the trend in the data, that particular period saw a jump in both trade volumes and trade count, so if anything, there was more activity, not less.
"Because the data available to the researchers does not contain any information about who is making the trades, Dr Loch said that finding applied to all market participants — irrigators and corporate investors.
https://www.abc.net.au/news/rural/2021-03-15/murray-darling-basin-water-study-finds-no-one-is-hoarding-water/13237782
SHV has called for greater water market trading transparency, and for very good reason: price discovery is crucial for efficient allocation of this finite and contested commodity. Genuine calculation of the costs and value of one crop versus another depends on it. At the moment, those who were 'gifted' water rights are flying blind, watering pasture and other low value activities.
Why is this important? Because economics dictates high value add crops, notably almonds, deserve allocations ahead of and to displace low value crops.
Ash
Water rights, page-3
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