Agribusiness  January 28, 2019

Ag interests own fewer shares of Big T project

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More and more shares of the Colorado-Big Thompson water project are being bought up by cities and industry — now 70 percent of the shares. But ag interests continue to use half or more of the water thanks to water rental agreements.

Ag ownership of the water has reversed from the original 85 percent of the project, according to a report in the Longmont Times-Call. Ownership has shifted as developers have sought water rights in order to have projects annexed into communities. Water not used for urban uses can be leased back to farmers, which is what has been happening.

 

More and more shares of the Colorado-Big Thompson water project are being bought up by cities and industry — now 70 percent of the shares. But ag interests continue to use half or more of the water thanks to water rental agreements.

Ag ownership of the water has reversed from the original 85 percent of the project, according to a report in the Longmont Times-Call. Ownership has shifted as developers have sought water rights in order to have projects annexed into communities. Water not used for urban uses can be leased back to farmers,…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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