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Water markets aren't perfect, but they are vital to the future of the Murray-Darling

Written by Neal Hughes, Senior Economist, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)

kaman985shu/Shutterstock

Water markets have come in for some bad press lately, fuelled in part by the severe drought of 2019 and resulting high water prices.

They have also been the subject of an Australian Competition and Consumer Commission inquiry, whose interim report released last year documented a range of problems with the way water markets...

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