Waterfind Australia has released a publication to try and break down the confusion around carryover water, as it warns this year’s rain has resulted in an increased storage spill risk.
Waterfind has compiled a number of examples from entitlement types — including Victorian Murray low-reliability, NSW Murray general security and NSW Murrumbidgee low-security — to ensure farmers are aware of the risks that come with undertaking carryover.
Waterfind said more than 1millionMl of carryover were lost due to spill events and increased allocations in the 2016-17 water season, with some spills in excess of 1000Gl occurring across the Murray-Darling Basin.
Events such as major rainfall, cooler weather and increased allocations can increase the risk of farmers losing some or all of their carried-over water.
The publication explores various scenarios, breaking down the risk of losing carryover water via entitlements, including the risk of spilling the water, in situations where 50 per cent, 70 per cent of 100 per cent of the allocation is considered.
Waterfind also provides an online carryover market which can be used to explore available opportunities, risks, volumes and prices in the market.
To download the publication, visit: www.waterfind.com.au/carryover-water