Water has never been easier to buy

For generations of Australia’s farmers, the greatest challenge facing livelihood has always been the unpredictability of the future. For many irrigators and farmers, income is highly seasonal. There are key planting and harvesting milestones throughout a season that require significant investment which has a direct impact on cashflow. Water is central to a successful future but until now, managing the inflexible purchase process has been challenging.

Irrigators have longed for a product that frees up cash flow but secures their water resources for the current season. Waterfind have been working with their customers to develop a product that does exactly that – Deferred Delivery.

Available exclusively through Waterfind, Deferred Delivery, enables irrigators to secure temporary water parcels with a deposit rather than funding the full amount upfront. Full payment is due upon delivery of the parcel, which is set at an agreed future date in the current water season.

CEO Alister Walsh remarked that this marked another step forward for Australia’s water markets, “Today we are excited to announce a further innovation, bringing greater flexibility to irrigators and water users alike across the Murray Darling Basin and Southern Connected Systems.”

The tool has been well received by those who have been trialling the product. “Through discussions and experience with our customers, many irrigators plan ahead and purchase some or all of their water requirements early, to avoid peak season pricing. Deferred Delivery provides low cost access to secure the supply they need throughout the season at a price that they’re comfortable with. The feedback we have had suggests that this will become a key resource for irrigators in future seasons,” Alister said.

Recognised as a leader in the Australian water market, Waterfind has been at the forefront of new technology, products and services since its inception in 2003. Currently facilitating the largest water market in Australia, servicing over 14,000 customers across all water markets, tools and services developed and released by Waterfind have helped grow, mature and educate the Australian water market.

All these elements and first-to-market products that have advanced the Australian water market to lay the foundations for the Deferred Delivery tool, another essential product in an already extensive kit available to market participants.

Deferred Delivery will be rolled-out through a staged process. Entitlement holders in the Southern Connected System, which encompasses the River Murray in South Australia, Victoria and New South Wales as well as Murrumbidgee, and northern Victorian rivers of Goulburn, Loddon and Campaspe will be the first to access the new product. Waterfind hope to offer Deferred Delivery to all water markets in the near future.