Sodium chloride solution would be cheapest. Calcium chloride solution can get to 40% heavier than water and is used to ballast tractor tires because it is also an anti- freeze. Another approach is used for drilling mud where a thickener is added to keep dense particulates from settling and thus creating a dense fluid.
Sodium Chloride in a fresh water body may be a problem?
Can you use sand?
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Sand could be a possibility, I hadn't though of flowable solids, only it would be a little more difficult to remove at a later date.
In an ideal world I could use water but we are restricted in terms of volume so the denser the material the better.
In an perfect world the perfect material would be:
Completely non toxic to anything not even a mouse;
Flowable, to be installed and removed with a pump;
As cheap as a bag of fries;
Specific Gravity of around 3.0;
Completely inert;
Cant really think of anything else at the moment. I know nothing like this exists but I though I would ask anyway.
Mercury would be ideal if someone could find a way to make it all of the above
One common flowable ballast is cast iron or iron shot. Another material you might consider is Zirconia beads. This site has the precision beads but you can get a much cheaper version.