water markets

Webster water sale earns $78m

26 June 2017

Jessie Davies: The Land 21 June

ONE of Australia’s largest agribusinesses, Webster Limited, will sell $78 million of water to the Federal Government.

Webster’s decision to sell just under 22,000 megalitres water is part of its plan to decommission the Lake Tandou irrigation system which underpins its flagship property south of Menindee.

Webster irrigates about 14,000 hectares on the converted dry lake bed of Lake Tandou.

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