From the news, caps mine:
"The property has 531 ha of IRRIGATED area and, 1757 ha of dryland area. INCLUDED in the purchase is 11234 ML of WATER entitlements, of which a signignificant portion is unutilized. A stage one development of an additional 579 ha of IRRIGATED area and a 2500 megalitre (ML) WATER storage is expected."
Without going through all their "'bite-size acquisitions [agreed Jultorsk]'" a tandem buying strategy seems to appear: NO land without water rights/entitlements. To paraphrase Clinton, "It's about the water, stupid."
Most sad, devastating really, is that land at distressed prices will come on market, subject to predatory buyers, some of it will be bought by RFF...
OV
From the news, caps mine: "The property has 531 ha of IRRIGATED...
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$1.88 |
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Mkt cap ! $768.1M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.88 | $619.0K | 328.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 57184 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 6996 | 1 |
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