The ABARE (now ABARES) survey of irrigation farms in the Murray–Darling Basin began in 2006–07 and provides a comprehensive farm-level panel dataset, which, to date, has seen limited econometric analysis (Ashton et al. 2009). At present, three complete years of irrigation survey data are...

It is commonly noted that Australian water rights, specifically those prevailing within the Murray-Darling Basin,represent a significant departure from hydrological reality (see for example Young and McColl 2009). Where waterrights depart from the physical realities of water supply networks,...