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The model is parameterised using water licence specific data on farm area and water allocation.
Jon Maree Baker is the executive office for Namoi Water, representing water licence holders in the Namoi basin.
The water licence they held entitled them to pump water from the Barwon River for irrigation using up to four pumps.
Asked about Adani's unlimited water licence, Joyce said water could be supplied if projects including Connors river dam and Rookwood weir were completed.
The group leases land to a farmer and temporarily trades its high-security water licence to generate income for its environmental and cultural preservation activities.
Mining projects in development will be forced to obtain a water licence under a government bid to manage impacts on groundwater use, which its predecessor tried to deregulate.
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Icac will also examine claims that Eddie Obeid influenced public officials to allow generous water licences for a coal-rich Hunter Valley property owned by his family.
The former Labor government bought back a lot of water during the drought years, with some financially-distressed farmers selling permanent water licences on the assumption they could buy temporary licences in the future.
The Environment Agency (EA), which regulates abstraction rights for ground and river water, said it would allow "flexibility", which would let farmers trade water allowances with each other and help farmers reaching the limits of their water licences.
On Thursday, Eddie Obeid was again declared corrupt by Icac after three separate investigations relating to rural water licences in the Bylong Valley, a staff management company, and cafe leases in Sydney's Circular Quay.
Too much pumping forced the authorities in the early 1990s to switch water licences to the Murray, 10km away at Alexandrina, one of two lakes at the mouth facing the Southern Ocean.
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