The team at Peppin are delighted to collaborate with Andrew for friends and clients.
Hi All,
Here’s the latest Progressive Agriculture update, Enjoy.

Andrew Bomm

IVT opening

IVT between Murray and Murrumbidgee opened on Thursday and closed the same day. More people are seeking to spread their allocation risk across asset types, and the appetite for shifting water between the valleys is increasing. Where demand exceeds the 15GL trade opening window, getting water through increasingly seems to be a punt on choosing the broker fortunate enough to be first through the door with a bulk transfer on their licence. The system is a shambles and needs to be fixed.

Storages will enter 17/18 in good shape

Hume (81 per cent), Dartmouth (78 per cent), Burrunjuck (75 per cent) and Blowering (82 per cent) are all in good shape as we head over the peak of summer cropping use.

Most irrigators are assuming a short odds chance of full allocations next year and have little interest in topping up what water they’ve got left to carry into next year. Many are offloading at any old price as indicated by recent Murrumbidgee prices of $20, and to a lesser extent NSW Murray at $40.

More information please...

Some key information out of the 10 February MDBA update included:
“Based on current forecasts and estimated demands and losses along the Murray system, it is unlikely that Hume Reservoir volume will fall much below 50% capacity this water year.”

Water agencies take heed! This is touching on the sort of information the market wants at this time of year when assessing strategies for 17/18. Although NSW DPI have made 100 per cent allocation announcements, it doesn’t mean they should just absent themselves from providing useful outlook information. Are we having a next water year outlook as was delivered on 15 February 2016? Who would know.

An assessment of dam level trends, potential end of season storage scenarios and implications for general security allocations would be much welcome at this time of year.


Records broken all over

The hot spell last week broke a few records and the excitable climate warriors obviously used it as an opportunity to push some unrealistic policy agendas, but there is a basis of truth in what they say. Sceptics will say “oh well, we’ve always had hot days, the weather is hot in Australia in summer and it’s just business as usual”. Yes, a single weather event can’t be attributed to climate change. But the cold (no pun intended) facts are that the frequency and severity of severe events is increasing and will probably continue to do so.

It’s going to be interesting, and agriculture’s capacity for adaptation will be tested.


Where is the innovation Prime Minister?

Those of us balls in with Turnbull’s agile and innovative view about to keep Australia globally competitive are disappointed with his inability to keep it front and centre of the government’s policy process. Is it going to happen? Probably not.

The last election indicated that the Australian public aren’t engaged with Turnbull’s message about the need to seize opportunity from change, even though he’s 100 per cent correct. Instead, most Australians just want to know their current job is going to be safe and they won’t be bowled over by an inevitable global tsunami of change. Well, keep on dreaming. When I can run a business using internet-based freelancers from Eastern Europe and China then it’s clear that the world has moved on.

Turnbull’s wafer thin margin gives him little leeway to shake things up with some home truths.

Who will deliver a tough message that complacency and stagnation is death? It’s hard to say, because the pragmatic political centre is split across two major parties who can’t stop bickering, while the populist extremes steal their votes from large numbers of Australians putting their head in the sand and holding their conversations in loony left or right-wing echo chambers. Until the major parties are prepared to put political gains aside to co-operate on reform, the mediocrity will continue.


Making good farm expansion decisions

The Holmes Sackett team have moved into the Progressive Agriculture office complex and have timed the occasion with a good piece on farm expansion
See Here

Trump to get sacked?

Trump is paying $3.00 with Paddy Power to be impeached in his first term. This is tempting, though doesn’t include the resignation or ‘untimely end’ options. How he treats court decisions about the constitutional validity of his executive orders will be fascinating, as will court determinations about Trump allegedly breaching the constitution over his business conflicts of interest.
The next stage of globalisation
ABC Radio National’s ‘The Money’ podcast just keeps delivering. Check out this one looking at trends in globalisation and what they mean for Australia.
Listen Here
Insights into our future
Here’s a terrific Twitter feed with information from leading futurists about the changes shaping our world. 
Follow Here

Sir Les Patterson meets Parky

Please spend the next eight minutes enjoying one of the funniest pieces of television ever made.
Sir Les Patterson (Barry Humphries) 1982. Pt. 1.
Watch Here

Rice field day

I’ll be at the rice field day on Thursday 9 March at Old Coree, Jerilderie. Look forward to seeing you there.
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Progressive Agriculture · 13/120 Fitzmaurice Street · Wagga Wagga, NSW 2650 · Australia

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