— 11 IREC Farmers' Newsletter No. 200 — Spring 2018 Michael Ryan Riverina Agriconsultants PHOTO: Irrigators need a range of water products to manage the balance sheet, cash flow and risk. It is important to understand the impact of each type of water on the whole of the business. QUICK TAKE l There are several water products available, including owning or leasing entitlements and purchasing an allocation. l Each product has pros and cons: owning an entitlement is capital intensive and reliability of allocations vary, however temporary markets are volatile. l Every business is unique so consider which products best suit your cashflow, balance sheet and appetite for risk. l Understand key business drivers and cut off prices that underpin purchase decisions. WATER PRODUCTS—WHICH ONE TO CHOOSE? — 11 IREC Farmers' Newsletter No. 200 — Spring 2018 Water products