• Buy more water with 0% buyers commission on surface water!

  • Zone 1, 2 & 3 Lower Murrumbidgee Groundwater WANTED - Temporary & Permanent
        

  • Permanent Murrumbidgee High Security WANTED @ $5,100/ML

  • Permanent Lower Murray Groundwater Entitlement WANTED - call for offers
     

  • Permanent Murrumbidgee General Security Entitlement WANTED - very keen buyers!

Area News story - Water Sold For Over $5K/Megalitre at Riverina Field Days Shows How Much Water Is Really Worth

PICTURED: Water Trades Officer and Griffith representative of Wilks Water, Alexandria Koenig. PHOTO: Sarah Bentvelzen

 PICTURED: Water Trades Officer and Griffith representative of Wilks Water, Alexandria Koenig. PHOTO: Sarah Bentvelzen

At the Griffith Riverina Field Days there was a lot of excitement to be had, but it seemed the biggest event of the weekend was the water auction, which saw record sales smashed.

The Area News spoke to Water Trades Officer and Griffith representative of Wilks Water, Alexandria Koenig who commented about the momentous occasion where over $7 million in water was sold, and gave us a quick introduction to the world of water buying and selling.

“The aim of the auction was to find out what the water is really worth,” Ms Koenig said.

“Categories included permanent general and high security surface water, permanent groundwater, supplementary water, carryover, temporary surface and groundwater and forward water.”

Over 80 registered bidders – farmers and irrigators – from all over Australia, and an estimated crowd of over 300 – mostly from the Griffith region – came to the Riverina Field Days to buy water.

Phone bidders from Brisbane, Adelaide, Victoria, and even overseas also looked to get their hands on water which is currently in high demand, particularly due to the recent dry spells.

“With the dry season, people just want that security,” Ms Koenig said.

On the day, NSW permanent high security surface water was in highest demand, however zone 3 permanent groundwater also sold well, for $2475 per megalitre.

“High security water smashed records. Parcels sold for $5,000 or more per megalitre,” Ms Koenig said.

“High security water gives you that peace of mind – to help you plan ahead.”

Parcels varied in size, with some at two megalitres – for high security surface water – and another at 100 megalitres.

“And of course, there is only a certain amount of parcels – not everyone can take home water on the day. Demand is still high for this permanent high security water,” Ms Koenig said.

“There are still farmers willing to pay that money which goes to show you the demand for it, and goes to show how much the water is worth.”

“The aim of the auction each year is to find out what water is really worth, and it’s an open and transparent way of doing so with plenty of opportunity for both buyers and sellers. Overall it was a great result for those who entrusted their water with Wilks Water,” Ms Koenig said.

The Area News also spoke with Chief Executive Officer of the Riverina Wine Grapes Marketing Board, Brian Simpson, who commented on the Riverina Field Days success:

“Water is the lifeblood of this area – there are big developments going on in the region,” Cr Simpson said.

But, Cr Simpson believes it is the nut growers of the region who will need their water to be secured.

“We’re aware of an increase in plantings in the region of nut crops – they are a big user of water, and there is a potential for this area to really expand in nut production,” Cr Simpson said.

“Those companies would be looking to secure water going forward, as opposed to buying it on the temporary market.”

On the ‘smashed records’, Cr Simpson noted:

“It’s a positive thing. It means that the growers’ assets and values in their properties will improve as a result of a strong market.”

“It’s great – it’s great for the region.”




TODAY - Annual Water Auction

It's on today, the Wilks Water

ANNUAL WATER AUCTION

2:30pm - Davidge Pavilion - Riverina Field Days

To download the catalogue, click here.

 

Come down to the Davidge Pavilion at the Riverina Field Days and meet Tom, Heather, Tim and the Wilks Water team to discuss your water needs!


No Commission, No Reserve Price!

Temporary Surface Water – 2017 Auction Format

No Commission, No Reserve Price!

The 2016/17 water year has been a complete contrast from last season. Who could have predicted such a wet spring? The impact of this has seen temporary water prices on a steady decline throughout the year. The big wet has also resulted in a huge volume of unused allocation still in the system, which at this time of year means there is going to be an oversupply of sellers looking for a return or risk forfeiture come the end of the season.

Given the conditions, Wilks Water has altered their fee structure for the 2017 Water Auction, seeking to find a win-win structure for both sellers and buyers.

NO RESERVE PRICE for Temporary Surface Water listed at the Water Auction.

The ‘no reserve’ format will attract any buyers keen to secure water before end of season.

NO VENDORS COMMISSION* for Temporary Surface Water listed at the Water Auction.

It’s getting late in the season. Any water that cannot be carried over will be lost. This format is designed to allow for sellers to get something for their water rather than forfeit it at the end of the season. With no commission to pay something is better than nothing.

To further promote fairness for sellers of temporary surface water, a ‘volume-weighted average price’ return will be implemented. The gross proceeds of temporary surface water sold will be divided by the number of megalitres offered for sale at auction (whether sold or not). Each water source will be calculated separately.

This will also reduce the inequity between the order of lots for sale where there is a price differential between early lots and late lots sold under the hammer.

Under this system, all sellers of temporary surface water listed will receive a return. The volume-weighted average or pool price will be shared amongst all sellers*.

A payment will be returned to all sellers after the completion of the auction. If further listed water is sold post-auction, a new volume-weighted average price will be calculated and a second payment will be made.

For more information on the Wilks Water Annual Water Auction, download a Vendor Listing form or a Bidder Registration, click here to head to our Auction page

*Temporary surface water buyers will be charged an auction fee of $1.50/ML + GST
*Temporary Surface Water will be transferred to a pool account prior to the auction


ANNUAL WATER AUCTION

PRELIMINARY NOTICE

ANNUAL WATER AUCTION

12th May 2017 @ 2:30pm

Davidge Pavilion - Riverina Field Days, Griffith

Entries invited for

Temporary and Permanent Surface and Groundwater

Very strong buyer enquiry in the Murrumbidgee Valley for:
  • Permanent High and General Security Water
  • Permanent Supplementary incl. MIA and CICL
  • Lower Murrumbidgee Groundwater
  • Carryover Capacity
  • Forward Water
"Currently there is very strong demand for Permanent Water, with low supply available. I believe that at the Annual Water Auction, we could see sellers achieve record prices" 
- Tom Wilks, 13/4/17

Market Snapshot
Temporary Offers to Buy Offers to Sell Last Sale
Murrumbidgee $5/ML $10/ML
$8/ML
NSW Murray $30/ML
$39/ML
$32/ML
Permanent Offers to Buy Offers to Sell Last Sale
General Security $1500/ML
$1550/ML
$1500/ML
High Security $3480/ML
$3600/ML $3480/ML

For further information, or to list you water call us on
0269 318 522 or 0428 694 608

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Our contact details are:
Wilks Water
P.O. Box 5633, Wagga Wagga, NSW 2650
Phone: 02 6931 8522 | Mobile: 0428 694 608 | Fax: 02 6931 9897
Email: water@wilkswater.com.au | Website: www.wilkswater.com.au


Water Auction Summary

RIVERINA FIELD DAYS 2014
Thank you to everyone who came to the Field Days, and to all those who participated in the Water Auction.
There were close to 50 registered bidders on the day, including some on the phones.

WATER AUCTION SUMMARY

Temporary
5001ML SOLD
Average $46-56ML

Forward/Temporary
Murray
916ML SOLD
Average $100/ML
MI
330ML SOLD
Average $103/ML

Permanent
General Security
300ML  SOLD
Average $970/ML
High Security
50MLSOLD
Average $1900/ML

Groundwater
1000MLSOLD
Average $10/ML


For all your water trading needs, call me any time 0428 694 608
Tom Wilks 


Riverina Field Days 2014 Radio Campaign

Are you tuned in to 2RG or Star FM in the Griffith NSW region? Listen out for the Wilks Water ad coming soon to a radio near you! .... or why not listen now!? 

Follow the link: Riverina Field Days Radio Ad

Thank you to Jason Austin and his team at Southern Cross Austereo!