Still, the threat from out-of-state, urban interests loomed large at Thursday’s hearing.
Tag: Water Speculation
River District addresses controversial water speculation bill
The River District’s amendment is an attempt to revise the current proposed legislation, which has not found support from agricultural water users.
Investment water speculation bill clears committee
The draft bill gives the state engineer at the Department of Water Resources the ability to investigate complaints of investment water speculation and fine a purchaser up to $10,000 if they determine speculation is occurring.
Colorado work group fails to reach consensus in anti-speculation report
The lack of consensus or recommendations underscores how difficult it is to answer the thorny question at the heart of the issue: How can the government balance protecting a public resource from profit-seeking investors without infringing on private-property rights?
Colorado is examining water speculation, and finding it’s ‘all the problems’ in one
This system, used widely in the western United States, creates an opening for investors who see water as an increasingly valuable commodity in a water-short future, driven by climate change.
Western Colorado water purchases stir up worries about the future of farming
Since 2017, Water Asset Management has spent $16.6 million buying up 2,222 acres of irrigated agricultural land in the communities of Fruita, Loma and Mack, west of Grand Junction.