Moves by a New York hedge fund to buy irrigated farm and ranch land in Colorado are raising concerns among those who already worry about protecting their water sources.
The recent growing purchases by Water Asset Management even has the attention of Colorado legislators who have proposed a bill looking at strengthening the state’s anti-water-speculation law.
Reports by Aspen Journalism, KUNC radio in Colorado, KJZZ radio in Arizona and the Nevada Independent pointed out that WAM has done nothing illegal. However, WAM’s interest in buying irrigated land has rekindled long-held fears about water in the West.
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