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Correcting Misconceptions about Links between Water Planning and Food Security in the Murray–Darling Basin
Author(s) -
Crase Lin,
Merton Eve
Publication year - 2013
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12042
Subject(s) - food security , plan (archaeology) , amenity , commodity , natural resource economics , environmental planning , structural basin , business , agriculture , economics , environmental science , geography , finance , paleontology , archaeology , biology
Iterations of the Murray–Darling Basin Plan, designed to deal with environmental degradation, have raised questions about potential trade‐offs between agricultural production and environmental amenity. Some have suggested that environmental objectives will be achieved under the Plan at the expense of food security. This argument is critically evaluated in this article. We conclude that the Plan cannot plausibly undermine local food security. Other factors, such as commodity prices, are more significant internationally. We also conclude that the current Basin Plan policy option may lead to more deleterious consequences than simple water entitlements purchased to achieve the environmental water reserve.