Colorado land buys raise water speculation fears - KOAA.com | Continuous News | Colorado Springs and Pueblo

Colorado land buys raise water speculation fears

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GRAND JUNCTION, Colo. (AP) - The recent acquisitions by investment companies of western Colorado ranches with senior water rights have raised concerns from area water policy officials.

The Colorado River District includes 15 counties and focuses on the protection, conservation, use and development of Colorado River water in western Colorado.

The Grand Junction Daily Sentinel reports that the district long has been concerned about protecting the region's agricultural sector.

District general counsel Peter Fleming is worried that investment companies buying water rights will be looking to profit later in deals that could lead to some local agricultural land no longer being irrigated and reverting to desert.

The president of one investment company that bought a ranch in Delta County says his company's primary interest in the ranches is their agricultural value and food production.

Information from: The Daily Sentinel, http://www.gjsentinel.com

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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