New South Wales to Cap Murray-Darling Water License Purchases
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New South Wales, Australia’s biggest cotton grower, will cap the amount of water the federal government can buy under the nation’s Murray-Darling Basin plan that was signed into law two months ago.
Water purchases will be restricted to 3 percent per valley each decade, Katrina Hodgkinson, the state’s minister for primary industries, said in a statement today. Once the limit has been reached in a valley, no more purchases for environmental purposes will be approved and processed by the state, she said.