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Hi all,
Thanks again for reading, here's the latest update for you to enjoy. 

Andrew Bomm

Water Podcast

Recently I did a podcast for H2OX on current water market dynamics. It was done over a couple of beers at Wagga Beach, and covers a range of topical water market issues. Some of the temporary prices referred have dated in the couple of weeks since, but there is a lot of good information presented in a conversational format. 
Listen Here

CEWH sales

The CEWH has announced an intention not to trade from April-June. Basically, prices are too cheap and he can’t cover the cost of going through the bureaucratic hurdles to get it done. Though irrigators shouldn’t expect trade to be plentiful when prices are higher, as he is constrained by difficult regulations governing when and how he can trade, and a concern about affecting water markets. Much easier to just get it down the bottom and flush out some seawater.

Trade cut-off dates
Trade cut-off dates are approaching, with trade from NSW to Victoria ceasing on 30 April, and intervalley and intravalley trade closing on 31 May. It will be interesting to see if that Murray temp price holds up with plenty of irrigators looking to offload excess to avoid spill, and on the buyer side those persuaded by NSW DPI’s cautious outlook.

Dry Outlook

The BOM is still communicating a strong possibility of an El Nino event commencing soon. Here is the key line from their outlook:

"Seven of eight models indicate that sea surface temperatures will exceed El Niño thresholds during the second half of 2017. However, some caution should be exercised as models have lower accuracy at this time of year, and there remains a significant spread in possible forecast outcomes."

Over at AV Weather, he’s having a crack at being a bit more specific than the BOM are. He’s talking a dry August to October.


Water Politics

We’ve got a new set of Senate crossbenchers, so all new discussions about whether they can team up to change the Basin Plan and put more water back into agriculture. It’s tempting, but unlikely to work. One reason is numbers. The Greens, Nick Xenophon and Labour control 38 votes – a majority. Xenophon runs strong campaigns against upstream irrigators. A solid coalition of crossbenchers excluding Xenophon’s group wouldn’t get a contentious vote over the line.

The other reason is that politically it would play out badly. For all his flaws, Barnaby is bending over backwards for the irrigation sector to put the brakes on the roll out of the Basin Plan. Why make him have to explain to his Lib colleagues that they should back a Pauline Hanson environmental policy? It’s hard enough for the poor bloke to get concessions as it is. Sensible heads will stay well clear if Hanson, Hinch, Lambie etc start turning up in the Riverina.


Farmers capturing marketing opportunities

There are interesting opportunities emerging for Australian farmers to start value adding their products within Australia, and exporting this branded product into Asia. These are starting to take shape in China and will spread into large parts of Asia as their middle classes start to grow, aided by globalisation and technology. The Australian government has done well to run the Farming Together program to help new and existing farming co-operatives get a share of these opportunities.
Check It Out Here

Pauline Hanson for PM? 

Sportsbet are offering the ridiculously short odds of $21 for Pauline Hanson’s One Nation to be Australia’s sworn in government after the next election. I’ll give anyone $1000 on that. They’re comedians at Sportsbet and hopefully taking no money on that outcome. However, the money has Labor at $1.60 to form government after the next election, which is a more serious outlook. Surely we’re not going back there so soon.
Water podcasts 
Including this week’s water podcast here so it makes it to the website. Listen again here. Perfect timing with harvest and sowing.
Listen Here

Observational humor

There’s a Facebook page called ‘Old codgers having a schooner’ that is creating a lot of interest at the moment. Probably best reading for the under 40s! 
Check It Out Here

Australian vs Japanese cars

This week, an ad for the Ford Falcon XD featuring a young John Wood. A great 30 seconds of bagging small Japanese cars. I guess the Japanese won that battle but it’s a great ad anyway.
Ford Falcon XD - TV commercial
Watch Here

Digital ag event

The Australian Farm Institute is running their 'Harvesting the Benefits of Digital Agriculture' conference on 15-16 June. The AFI always runs great events and although it’s $1200 to go, for those seeking to get across the latest and make useful contacts this will be worth it.
Details Here
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