Discover and read the best of Twitter Threads about #watertrading
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Water is arguably our most precious resource. It is also a booming commodity, with irrigation water being traded and sold like shares on the stock market. But there are concerns that big investors are making a killing while farmers face soaring prices. #abc730 @FarrellPF
Grape grower John Argiro is worried about continued access to the vital water supply that keeps his vineyards alive. “I’ve owed the bank millions and I don’t lose sleep. But when I’ve got to make a decision on water for my vines, I don't sleep at night.” #abc730 #watertrading
Last year the trading price of water in Victoria soared by almost 140%. John Argiro blames the lucrative trade in water entitlements. “A lot of people can make more money trading their water than growing grapes. It’s wrong.” #abc730 #watertrading
