Dry years drive company from cotton farming towards sheep: $78m in water for sale

AGRIBUSINESS Webster will sell all its Lower Darling irrigation water entitlements to the Commonwealth Government in a transaction worth $78 million.Webster chief financial officer and company secretary Maurice Felizzi said the sale involved not only the water entitlement, but the decommissioning of the land. “There is a water component in that value and there is also recognition that […]