PHOTO: The Tindall aquifer feeds the Roper River near Mataranka. (Carl Curtain) via ABC News

A company established on behalf of Indigenous land owner groups has been granted four water licences for agricultural use near Mataranka in the Northern Territory.

Known as Top End Farm, the company has secured up to 6,600 megalitres of water each year from the Tindal limestone aquifer.

Top End Farm’s Vin Lange said it is the start of what should be a ‘significant economic opportunity for the region’.

“It could lead to the development of 600 to 1,000 hectares of farming country which is really significant,” he said.

“We’ve modelled up a whole range of different crop possibilities, including fodder, high-value fruit and vegetable crops.

“But as you would appreciate, this could change depending on what the market is doing when it comes time to plant.”

Mr Lange was hopeful some land development could occur this year.

“The Traditional Owners, having secured the rights to their land, are now keen to use these land assets to develop commercial economies…

Read more by Matt Brann, ABC Rural 16 January 2015

conference_logoDeveloping Northern Australia Conference 2015 is a national conference addressing the economic and social outcomes for Northern Australia. Developing Northern Australia Conference 2015 will be held at Rydges Southbank Townsville on the 20-22 July 2015.