History
The Coleambally Irrigation Area scheme was started in the 1950s, with potential farmland being made available through a ballot system. Those who entered the ballot had to prove they had enough money to set up a farm in order to enter, as the land they acquired started off with no fencing or infrastructure whatsoever. The successful ballot winners were also required to give up any other primary interests they may have held. They were to give all or nothing to Coleambally.
In 2008, following the Federal Government's proposals to buy large amounts of water from irrigators — ostensibly to "save" the Murray-Darling Basin — the Coleambally Irrigation Area offered the entire area, including the farms, water rights and the entire town, for sale at a price of $3.5 billion.
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