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Is western Colorado ‘banking’ program a water rights-grabbing scam?
…a program which has been giving property owners large cash sums if they will agree to ‘fallow’ their croplands, thus ‘banking’ (not using) the water to which they have rights, for a given period of time. The term ‘banking’ is misleading because the water is not stored but simply continues to run downstream in the Colorado River to Utah (Lake Powell), Arizona and eventually, California.
One savvy western Colorado farmer is shining light on what may be a water rights-grabbing scam in the Grand Valley. Holly Cremeens has been tracking a program which has been giving property owners large cash sums if they will agree to ‘fallow’ their croplands, thus ‘banking’ (not using) the water to which they have rights, for a given period of time. The term ‘banking’ is misleading because the water is not stored but simply continues to run downstream in the Colorado River to Utah (Lake Powell), Arizona and eventually, California. One might argue that property owners; farmers, ranchers, manufacturers, municipalities, etc., have the option NOT to use the water to which they have existing rights. But the danger in ‘banking’ or similar programs is that the status of rights depends on the water being put to beneficial use. If the water is not put to beneficial use, or its consumption is gradually decreased over time, the property owner could lose his rights to previously allocated amounts of water.