Talking Water - Tuesday 9 January, 2024

This week's contents

WaterWell announcement


  • Forward Allocation Product - Customer input sought


Operations


  • Changes to our banking partner
  • Invoicing error
  • Talking Water data to 9 January 2024 



Industry


  • 2024 Rice Industry Scholarships
  • Rice, weather and climate briefing
  • ABARES Outlook 2024 Conference


WaterWell announcement - Forward Allocation Product 

We are seeking you input on a new WaterWell product

Murray Irrigation is seeking to gather customer input on a new Forward Allocation Product we are planning to introduce to WaterWell. Management will incorporate customer feedback into a final recommendation that will be presented to the Murray Irrigation Board in February 2024 for consideration.
 
Murray Irrigation is considering the following two options:
 
Option A
 
Maximise the value of the water sales by offering a smaller volume of water at a higher price. This could mean some of the water may leave the footprint towards higher valued crops.
 
This option would sell an annual 30GL Forward Allocation Product through a third party. It would be initially offered on an exclusive basis to Murray Irrigation Delivery Entitlement Holders, before entering the open market.
 
Option B
 
Encourage the water to be used within the footprint and sell a greater volume of water at a lower price.
 
This option would sell an annual 40GL Forward Allocation Product through a third party. It would be initially offered on an exclusive basis to Murray Irrigation Delivery Entitlement Holders, before entering the open market.
 
To choose your preferred option, just login to your customer portal, click WaterWell, then Forward Allocation Product and follow the prompts. 
 
For more information, visit the website www.murrayirrigation.com.au/forward-allocation-product or contact Customer Operations on 1300 138 265. 
 
Please register your preference prior to 19 January 2024 to ensure your option is considered as part of Management’s recommendations to the Board.

Operational Update


We are changing our banking partner from CBA to ANZ

Murray Irrigation is changing our banking partner from CBA to ANZ. This includes both Operational and Water Exchange (WEX) bank accounts. 

We are taking a planned approach to manage the cyber security risk during this transition, and all customers will have received a letter before Christmas regarding the banking changes. 

What you will need to do:

Invoices for the 2nd Quarter were sent yesterday, so when you pay this invoice, please process your account payments into the new ANZ bank accounts.   

All customers will have received a letter in the mail with the new bank account details. Alternatively, these can be found on our dedicated web page below. Please add these new bank details to your systems. 

Please note, if you pay via BPAY, the Biller codes will not be changing, and you will not have to take any action. 

Visit our information page below for more details and to add the new bank details to your systems.


More about the change to our banking partner

Invoicing error

Some customers will have received an incorrect invoice via email today. Please ignore this invoice. A reversing invoice has been posted to all affected customers' accounts. 

A correct Quarter 2 invoice has been issued to the same email address. We apologise for any inconvenience that this error has caused.   

Talking Water data  09/01/2024

All the detailed data for Murray Irrigation allocations, delivery, channel flow and Water Exchange temporary trade data is available on our company web page below. 


View delivery, channel flows and temporary trade data


To see the latest data for Murray system storages and rivers, visit the Murray-Darling Basin Authority's River data page. 


View MDBA storage and river data



The information and data provided in Talking Water is for general reference purposes only. We take best endeavours to ensure accuracy. 

Industry News

2024 Rice Industry Scholarships

Applications are now open for the 2024 Rice Industry Scholarships.

The Greg Graham Memorial Scholarship is valued at $10,000, and the Peter Connor Book Award is valued at $3,000. Applications close Monday 29 January. 

Apply for scholarship

Rice, weather and climate briefing

Check out this fortnight's rice weather briefing, prepared by the by the Australian Bureau of Meteorology on behalf of Agricultural Innovation Australia (AIA).

This video includes information on:



  • Recent conditions
  • Short term weather watch points 
  • January Climate Outlook
  • International Climate Model Comparison.   


Watch the video here

ABARES Outlook 2024 Conference

ABARES Outlook 2024 will bring together 60 Australian and international speakers and panellists from industry and government in Canberra and online across 12 sessions.


Over the course of this two-day event, which is being held on 5 and 6 March, delegates will dive into the diverse issues shaping the future of Australia’s agriculture, fisheries and forestry industries.

Early bird registration discounts are available until 31January.  


Find out more and register here

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