SOUTHERN Rural Water will auction permanent water shares for the Macalister Irrigation Area on Tuesday, February 2.
Acting manager water supply east Craig Smith said auctions have been held regularly for the past few years to sell off water shares available through savings from automation works in the district.
“Our auctions of temporary water over the summer have created plenty of interest,” he said.
“We think that this auction of permanent water shares will also be of high interest to farmers looking to either boost their production or increase their water security.
“It’s worth noting that anyone buying a high reliability water share receives the seasonal allocation, which currently stands at 100 per cent, and those buying low reliability water shares will receive the current five per cent allocation.
A total of 288.0 megalitres of high reliability and low reliability shares (bundled together) and 323.9 ML of high reliability water shares (with no low reliability shares) will go under the hammer.
The auction is open to everyone, but to be able to use the allocation from the water shares, the buyer must either own a property with a water use licence in the MID, or transfer it to someone with a water use licence.
Southern Rural Water will hold information sessions for those interested tomorrow at the Southern Rural Water Office, 88 Johnson St, Maffra, between 10am and 1pm and 6pm to 8pm. Anyone can drop in at any time between those hours and have a chat about the projects that created the savings, or the auction process.
“We strongly encourage anyone with questions about buying water at auction to drop in to one of these sessions,” Mr Smith said.
“We will have information kits and registration forms available.”
The auction will take place at the Maffra Recreation Reserve from 11am on Tuesday, February 2. Bidders must register by 4.45pm on Monday, February 1, via a registration form available from Southern Rural Water.
More information is available from Southern Rural Water’s Maffra office, online at srw.com.au, or by phoning 1300 139 510.