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"Three years ago, in an interview with Fintech TV, the company's president, Diserio, said one of his firm's strategies is to profit from water in part by making
by gardenfelder 4y ago
"Three years ago, in an interview with Fintech TV, the company's president, Diserio, said one of his firm's strategies is to profit from water in part by making the farms it buys more efficient and then selling parts of its water rights to other farmers and cities increasingly desperate for the natural resource."
- ttyprintk 4y agoThis is questionable reframing. If the water is used by the land owner, then Colorado might pay them to not use it. Identical outcome to selling it to another farmer. But only 40% is paid if the landowner is not the farmer. And it does not apply when the water is diverted into a new basin, called a Trans Mountain Diversion; which is what they mean by cities.