The team at Peppin are delighted to collaborate with Andrew for friends and clients.
Hi All,
Here’s another beaut Progressive Agriculture update direct to your inbox. Water is interesting as always, the weather isn’t, ‘The Castle’ meets agriculture, and the funniest retro corner yet.

Andrew Bomm

H2OX direct trading platform

H2OX has been around for a little while operating as a wholesale trading platform, but has now launched as an irrigator to irrigator water trading platform operating across the whole connected southern Basin. This is what market users have been seeking for some time. It will allow irrigators to save money by avoiding the need for brokers to transact trades, and enable them to get market advice from non-conflicted sources. For some irrigators, getting a broker to advise on market conditions, find a counterparty and conduct the transaction will remain appealing, even at current commission rates. However, for many others this new trading option will be a welcome alternative.

(Disclosure: because it’s a great idea whose time has come, I do some work for H2OX)
Click for Details

Prices down again

Temporary prices in the Murrumbidgee are down at around $30/ML and at $50/ML in the NSW Murray. Prices have converged above and below the choke. Victorian prices are also down at $60/ML. Irrigator accounts are healthy. Dams are going to enter next season in good shape and the risk of carryover spill on NSW general security licences is high. There is little buyer demand in the market and plenty happy to offload what they can.

Inter-valley trade

In the MDBA weekly update of 13 January, the following information appeared:

" IVT deliveries from the Murrumbidgee system are to begin in about 3 weeks’ time and may persist beyond February. This will result in the flow at Balranald increasing to around 2,000 ML/day. Once a sufficient volume of IVT has been delivered from the Murrumbidgee to the Murray, trade out of the Murrumbidgee may become available. "

The Murrumbidgee IVT balance should now start moving towards the re-opening trigger of 85GL at over 1000ML per day. Irrigators should therefore expect trade to open in mid-February. For how long it stays open will depend on pent up demand to move water from the Bidgee to the Murray.


New report on water prices

Aither has continued its excellent work with a new report on water markets drivers in the southern Basin, commissioned by Dairy Australia. It’s a good read for those serious about understanding how the markets work and what might happen in the coming years.
View Here

Neutral autumn outlook

There are climate neutral conditions at the moment and a La Nina isn’t predicted. Neither a wet nor dry autumn is being strongly suggested by climatic indicators, so for croppers there’s no compelling reason to take an especially pessimistic or optimistic strategy to planning.

The BOM’s rainfall outlook from February to April has now been released. It’s calling the next three months as being a better than average chance of being below median rainfall. At the risk of bagging the BOM again, framing rainfall probabilities in terms of likelihood of above or below median isn’t really that useful for farmers.


Defence grazing land acquisition

The National Farmers Federation is running a strong campaign against a proposal that may see the Australian Government compulsorily acquire Queensland grazing country to expand defence training facilities. According to media reports, these facilities would be utilised by the Singaporean Army (who are a little short of land) under a $2.2 billion joint military training deal. Affected landholders have apparently received letters - Daryl Kerrigan-style - flagging an undefined possibility, and the Liberal MP representing the area seemingly new very little about the proposal until confronted by angry constituents.

Despite continuing noise in the media, factual information about the proposal seems very thin on the ground. How much area is involved, where, and on what terms would it be acquired? If the government doesn’t release any before the master plan due in a few weeks, it may not matter how reasonable the proposal ends up being, the controversy the vacuum will create will put an end to it anyway.


We're helping with farm succession planning

Progressive Agriculture is beginning a collaboration with Peppin Planners to assist with delivering their succession planning services. Using the effective processes Peppin’s Rob Brown has built over many years, I’ll be working with clients to guide them through the challenges of farm business transitions. If you’re looking to put in place a successful family wealth plan, or have clients who might benefit from one, please get in touch.

Australia will get the runs in India

…but only off the field. India are $1.08 to win the upcoming test series against Australia. It seems short – but how on earth are we going to win a test with Australia’s befuddled selection theories, our terrible ability against spin and India’s pitch doctoring? Eight per cent return is decent value.
Farmers talking climate
The Australian climate has always been variable, but is it getting worse? Here’s a podcast about changing attitudes in Australian agriculture.
Listen Here
The funniest thing on twitter
There is a satirical North Korean news service on Twitter that manages to simultaneously pillory the fashionable Left, the loony Right and the North Korean regime in 140 characters of pure genius.
Follow Here

The 90's predicts Trump

This is a funny mashup of Donald Trump quotes and a character from the 90’s TV show ‘Dinosaurs’. It’s a bit anti-Trump at the end but it’s still funny even if you like the guy.
Watch Here

Birchup data workshops

Birchup Cropping Group is putting on some very interesting workshops where the idea of a farm data co-op will be discussed. The first one is Monday 6 February and there are three more running through February and March.
See It Here

GRDC updates

The GRDC grains research update is on in Wagga on 14-15 Feb, Corowa 16 Feb and Bendigo 21-22 Feb. 
Details Here
Follow @progressiveagri on Twitter
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Progressive Agriculture · 13/120 Fitzmaurice Street · Wagga Wagga, NSW 2650 · Australia

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