My point was that the agricultural ventures were fundamentally not profitable enough to pay investors the projected returns. let alone the financial commissions and the scheme developers.

This was obvious from the outset. Who pushed it as tax policy?

I agree completely with Brian Burke (*rolls eyes*) that the parliamentary inquiry should address how these schemes got government support. The fact is, the scheme promoters and the brokers made huge profits and the dumb bunny investors were not protected by regulatory system.

Now that these schemes have collapsed, who owns the (massive) water licenses? I’m betting my left one it’s the promoters and not the investors. What a cock-up.

There are a lot of uninformed people with hidden agendas here, including a great majority of journalists whose headline grabbing articles become more and more unbelievable.