— 15 IREC Farmers' Newsletter No. 200 — Spring 2018 Grower 5 has groundwater and supplementary water and uses carryover. Supplements with temporary purchases to manage bore extraction limits during peak crop demand. Five year plan is to construct water storage to better utilise supplementary entitlements. Grower 6 has groundwater entitlements, uses carryover and supplements with temporary purchases to manage extraction limits during peak crop demand. Common to all six growers is the use of carryover and reliance on a range of water sources, including temporary purchases. The key driver of success in management a water portfolio will be how well access to water is managed or optimised. Understand your cut off price Understanding your cut off price for water purchases is fundamental as the margin erodes as the price goes up. An average sized business can spend $250,000 to $500,000 on temporary water purchases. Therefore prudent business management is important to provide working returns on this investment. Further information Michael Ryan T: 02 6964 9911 E: [email protected] W: www.rivagri.com.au You may not think who you bank with matters. At Bendigo Bank, we disagree. Every day, our customers help change lives, and save lives, simply through banking with us. Their home loans are building skate parks, sport parks, hospitals wings, and classrooms. Their personal loans are funding Ambulances, Rescue Boats, fire trucks, and Community buses. Their business banking is creating wetlands, parklands, recreation areas and playgrounds. Their credit cards are sponsoring kids’ sport, community sports, disabled sports and elderly sports. And their everyday banking is providing scholarships, internships, and apprenticeships. Since inception, we’ve returned $165 million to communities and initiatives Australia wide. But you can’t put a price on friendship, mateship, health, and wellbeing. You need a bank you can trust to give you the products and services you need. We need you to help us make a difference. It’s time to feel good about who you bank with. Visit bendigobank.com.au and see the change your banking can make. Proudly supported by Hillston & District Community Bank®Branch Hay branch Condobolin agency Lake Cargelligo agency HAY 186 Lachlan Street Hay | Ph: 02 6993 4343 HILLSTON 174 High Street Hillston | Ph: 02 6967 1422 COLEAMBALLY 1 Brolga Place Coleambally | Ph: 02 6954 4192 — 15 IREC Farmers' Newsletter No. 200 — Spring 2018 Water products BACK TO CONTENTS PAGE