The Federal Government has bolstered the cash available to buy back water licences, the greens have published their wishlist of properties to be targeted, and the drought has more farmers than ever classing themselves as 'willing sellers'.
But if the Government is successful in buying back the vast volumes of water licences it desires, the question that has not been answered is: what is its plan for the small towns and rural communities which have irrigation as their economic basis?
Indeed, the question is broader than that: what is the Federal Government's plan for inland Australia?
On election night last year, Mr Rudd promised to govern for 'all Australians', and singled out rural Australians for special mention.
And while the Rudd Government is accelerating the buyback of licences, which many view as a long-overdue step towards reviving the Murray Darling Basin, the strategy must be viewed in context.
First, as has been shown already, most licences that the Government buys in the current environment will only deliver 'paper savings' to the river. That is, the irrigation allocations are next to nought in many regions, meaning that buying the licence to pump water will not actually deliver anything to the river system until it rains and allocations again rise.
And second, that is exactly the time when the Government will have another headache if it is successful in buying the hundreds of gigalitres of entitlements that it desires.
That water, which has previously been used to grow crops and generate income, would now wash downstream past the towns and businesses which depend on irrigation for their very existence.
Take Cubbie Station out of action, which many strangely seem to think will be the silver bullet solution to Adelaide's water shortage, and you may as well take Dirranbandi off the Queensland map.
Multiply this scenario the Basin over, and the Government will be facing a major social and economic problem.
The Government, agricultural industries and every small town in the Basin should start thinking now about new ways for rural Australia to thrive without water as its economic crutch.
What do you think?