
Lourey is one of the new breed of global investors who see fresh water as business - big business.
Another is John Dickerson, a former CIA analyst in San Diego, who set up one of the first funds in the world dedicated to acquiring water rights.
Dickerson's Australian subsidiary Summit Water Holdings bought up $20 million worth of our permanent rural water rights two years ago and is on the lookout for more.
As Dickerson puts it: 'You might remember the old Will Rogers saying, 'You ought to buy land because they ain't making any more of it'. He could have said the same thing about water.'
Unnoticed by most of us living in the big cities, fresh water in this country has become liquid gold. For many farmers caught at the height of the drought over the past three years, with failed or unsown crops and little ability to fatten stock, selling water rights got them through.
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I am stunned this is possible...

JEREMY MORTON and Ian Shippen are southern NSW irrigation farmers trying to use the water market to sell out and get off the drip.
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