With less water in the Colorado River, farmers are wondering how agriculture, which accounts for about 70% of the state’s Colorado River water use, can be more efficient or whether water can be conserved and banked in Lake Powell.
On his way, he points out the land his family has acquired over the years. His grandparents had 150 acres over there. His parents bought this land here. His great grandparents, who showed up in 1925, lived in a house right there.
“The worry was that a New York hedge fund’s outside investors would not have the same economic and sociological calculus in deciding to lease or sell their water as a longtime resident would,” Anne Castle, a senior fellow at the Getches-Wilkinson Center for Natural Resources, Energy, and the Environment at the University of Colorado, said.
Colorado’s U.S. Sen. John Hickenlooper introduced legislation in late July that would effectively reauthorize the program. If the bill, which has yet to make it out of the Senate, eventually passes, there appears to be money on the other side in the form of the $4 billion in drought funding included in the Inflation Reduction Act spearheaded in part by U.S. Sen. Michael Bennet.
“With all the issues that are going on on the Colorado River, I think programs like this might become a necessary evil,” Waters said. “I think Colorado is going to have to do their part; even though I still feel this whole mess is the Lower Basin’s fault — they created it. The Lower Basin states have just been willy-nilly drainin’ them reservoirs.”
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