Water Scarcity and rural social hardship - can water markets alleviate the problem?

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Present review of water resources within catchments of the Murray-Darling Basin will result in reduced access to water for consumptive use with consequential significant socio-economic and community impacts. Water markets are seen as major instruments to assist farmers in managing this process and thereby minimize the impact within rural communities. However, research has identified several barriers to trade and several future research needs. This project addresses five of these issues by providing insight into three community barriers to trade as well as a framework for ongoing monitoring, analyses and reporting of market outcomes and impacts to assist adaptive policy development.