Mate, I never said make it illegal, I said industry policy should aim to suit the best possible use of the limited water and resources we have. Governments, business bodies, farmers federation all pick winners and losers when they lobby. Governments all do it everytime a decision on anything is made. When policies are made, laws, regulations, political decisions and trade deals. All involve a opportunity cost.
If x amount of water can only be used then it is governments responsibility to guide how that water is priced and used. IF the best bang per litre for the overall community, environment and economy is sought- then cotton is a poor use.
Picking winners when doing our water policy and esp the Murray Darling system is a big cause of the problem we are seeing- they had a very big opportunity to guide the market and become more sustainable but choose a capitalist money grab version instead. Stupidity in making decisions does not mean make none but choose wisely.
Agreed and as a policy we should not encourage nuts trees like almonds, the long term water use is extreme and drought can wipe them out for years. Look at California, huge amounts of water they can not afford is going to almonds and the rest of agriculture , the populace and environment suffer greatly. That is the long term experience.
Tell that to other farmers who do not have access to water downstream and whole communities. If you are saying a export fibre crop is better than food crops consumed here, you need to think about carefully. The economic and flow of benefit is much better for the food side. More labour and output stays local and generates jobs.
As a export crop cotton is reliant on mass imports of energy, machinery, chemicals, seed development (BT Cotton)- this inputs are mostly just imports and even when made here are from imported parts and capital. The more you import to run a export industry- you impoverish local opportunities over foreign ones. The benefits are felt by few and the real cost to others who farm or use the rivers is great.