The One Nation member says deals like the $430 million buyback of 86 gigalitres of water is doing little but driving up food prices.
“Labor is compounding $430 million of debt onto the nation’s $1 trillion of debt to take water away from food production, and every dollar of that debt and every litre of that water gets passed straight back onto families at the checkout," Mr Farley said.
“This is debt-funded deindustrialisation that Australian households will pay for twice, once through their taxes and again through their grocery bill.”
Mr Farley said water should be a sovereign asset and used to secure the nation during periods of drought, keeping food affordable and supply secure for Australians.
“That water should be growing crops, underwriting food processors, supporting freight and keeping food production running so prices stay within reach of ordinary families,” he said.
Mr Farley said Labor and the Greens have driven a wrecking ball through regional communities, workers and families who depend on the Basin's economy.
“At every opportunity, Labor and the Liberals take more water out of production.
“The southern basin grows about 40 per cent of the nation's food, yet it has already given up 82 per cent of the water for the environment under the Basin Plan.
"Now Labor is back for more, taking more water out of production, which will push food prices even further out of reach for struggling households.“
Mr Farley said the buybacks leave family budgets more exposed when conditions turn dry.
“Taking water out of farming now weakens the buffer in the food supply chain and pushes prices higher when dry conditions hit.
“When drought bites, that reduced capacity drives up the cost of food for every Australian family.”
Mr Farley said One Nation will fight to turn the disastrous Murray-Darling Basin plan into a building water security and capacity plan.
“We will fight to protect Australia’s food and fibre supply and the industries that keep regional communities running," Mr Farley said.
“That means building more dams, increasing affordability of everyday essentials, and securing jobs.”
Mr Farley said if the 2007 Water Act review, the 2026 Basin review and the national food security work were not being set up as foregone conclusions, Labor would have waited for their findings instead of rushing into another buyback that struggling families and farmers will pay for.
"You do not ease the cost of living crisis by taking productive water away from the people who grow the nation's food."
"Australian families should not be sacrificed to satisfy the Labor, Liberal and Greens failed water ideology,.“
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