Drought news, farm land prices, water supply, aquifer over allocation and falling water table news.
Much more relative information updated daily at https://www.facebook.com/pages/Western-States-Water-Rights/116535525087733
Relevant information on Water and Water Rights at http://nevadawaterrights.com/
Land sale information for irrigated Nevada farm and ranch land, over allocated basin news, falling water tables, and areas you can own within stable designated basins. If you are unsure about these terms, you better find a qualified professional before you buy!
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Showing posts with label irrigated Nevada ranches. Show all posts
Showing posts with label irrigated Nevada ranches. Show all posts
Thursday, June 28, 2012
Thursday, January 27, 2011
Will There Be Water?
Will There Be Water?
In the space of a lifetime, critical issues about water use, and the availability of fresh water will confront the world. Food production, municipalities, industry, and energy will all compete for a dwindling natural resource, Water.
Excerpts from Southwest Hydrology September/October 2008, with some Commentary!
Early in U.S. history, public policy was fashioned to encourage settlement of the West. Laws such as the Homestead Act of 1862 and the Desert Lands Act of 1877 were framed to transfer government land to settlers. In 1902 the Reclamation Act provided funding for construction and maintenance of western irrigation projects. In its first annual report (1903), Reclamation had this to say" so that the remaining public lands will furnish the greatest possible number of homes, is an object worthy of the sustained effort of enlightened and patriotic citizens". The public works that followed included such things as Hoover Dam, Shasta Dam, Newlands project, Yuma Project, Klamath project, Hetchy Aqueduct, and many more. With the 1902 Reclamation act the face of the West was changed forever. It must be pointed out and understood, these efforts and projects were directed at irrigation needs, based on a population that farmed for a living. Nothing like the urban shifts projected today!
Basin and Range Carbonate Aquifer System Study
What is a Water Table?
NASA Data Reveal Major Groundwater Loss in California
Groundwater Depletion Rate Accelerating Worldwide
Then came the drought-at a magnitude that had no probability of occurring, according to U.S. Bureau of Reclamation models based on a century of historical data. Sorry science guys, in the big picture, a century of data, barely counts as a data base.
In the blink of an eye, half a decades work to manage the Colorado River and meet the supply requirement and commitments has faded, as have the water levels in the Colorado River's two prime reservoirs. Lake Mead and Lake Powell. Today science is telling to expect less in the future.
Lake Powell Water Levels
Lake Mead Water Levels
The opportunity to own water rights in this arid region, especially at today's prices will soon go by the way side. This offering price is currently subject to change without notice.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
In the space of a lifetime, critical issues about water use, and the availability of fresh water will confront the world. Food production, municipalities, industry, and energy will all compete for a dwindling natural resource, Water.
Excerpts from Southwest Hydrology September/October 2008, with some Commentary!
Early in U.S. history, public policy was fashioned to encourage settlement of the West. Laws such as the Homestead Act of 1862 and the Desert Lands Act of 1877 were framed to transfer government land to settlers. In 1902 the Reclamation Act provided funding for construction and maintenance of western irrigation projects. In its first annual report (1903), Reclamation had this to say" so that the remaining public lands will furnish the greatest possible number of homes, is an object worthy of the sustained effort of enlightened and patriotic citizens". The public works that followed included such things as Hoover Dam, Shasta Dam, Newlands project, Yuma Project, Klamath project, Hetchy Aqueduct, and many more. With the 1902 Reclamation act the face of the West was changed forever. It must be pointed out and understood, these efforts and projects were directed at irrigation needs, based on a population that farmed for a living. Nothing like the urban shifts projected today!
Basin and Range Carbonate Aquifer System Study
What is a Water Table?
NASA Data Reveal Major Groundwater Loss in California
Groundwater Depletion Rate Accelerating Worldwide
Then came the drought-at a magnitude that had no probability of occurring, according to U.S. Bureau of Reclamation models based on a century of historical data. Sorry science guys, in the big picture, a century of data, barely counts as a data base.
In the blink of an eye, half a decades work to manage the Colorado River and meet the supply requirement and commitments has faded, as have the water levels in the Colorado River's two prime reservoirs. Lake Mead and Lake Powell. Today science is telling to expect less in the future.
Lake Powell Water Levels
Lake Mead Water Levels
The opportunity to own water rights in this arid region, especially at today's prices will soon go by the way side. This offering price is currently subject to change without notice.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Sunday, August 1, 2010
Water Shortages, Water Rights and Nevada’s Great Basin Water
The Great Basin is unique when it comes to water because the rivers have no outlet to the sea.
It is made up of many smaller drainage basins.
There is a complicated system of hydrology below the very interesting geology and topography of fractured, tilted plates of the Earth’s crust, that make up the Great Basin. Often referred to as Basin and Range because those tilted plates create mountain ranges that run from north to south. As the Earths crust stretched, cracked and tilted, it created large dry valleys or basins between the ranges. These basins can be compared to bowls that collect the snowmelt off the mountains. The alluvial fans are like great sponges, absorbing the meltwater into the ground. The snowpack is the primary recharge for the aquifers.
Nevada and the Great Basin is divided by the Nevada State Engineers Office into 256 ground water basins, some are “designated basins“. Designated basins, when it comes to water, may only be open to additional allocations for preferred uses, like municipalities for additional pumping.
Scientists are and have been measuring water table levels, spring flow rates, and precipitation for many years. We know pumping affects water table levels. We know the average precipitation, but then that is history. Today drought is in the news and many scientists believe more drought is likely in our future, due to climate pattern changes taking place. Future recharge rates are speculative.
They know the maximum consumption allowed by the existing recorded water rights. Not all basins are decreed and some additional rights could be out there and are not recorded but valid. Domestic wells are generally not considered, no permit is required to drill a domestic well, and they are limited to two acre feet per year in consumption.
The terminology of Hydrology seems very complicated, at least for this layperson. The science, like most science attempting to make future projections is speculative, especially the flows between the many basins and the aquifer recharge rates. New discoveries in all science fields rewrite what we thought we knew as fact, everyday.
Unfortunately, we may not have the answers to some of the most important questions until the water tables have dropped and the Seeps and Springs are gone. The scientists can not tell us when the flow rates of Seeps and the Springs may slow, or even dry up. The truth is they can only speculate. They do not know how drought will affect recharge rates of the aquifers, and they certainly do not know how long or severe the drought may be. There is far more that science is unsure of, than there is that can be actually guaranteed.
July 27, 2010 at the Aspen Institute's Environment Forum, Former U.S. Secretary of the Interior Bruce Babbitt at the “Hot and Dry: Water in the West and the World,” told the audience,
“Water scarcity is an issue, not everywhere, but in some regions. The American Southwest is not one of those regions where there is water scarcity. It's hard to believe given all the hyping in the national and local and regional press.”
This is right in line with Pat Mulroy’s statement when she said, “The hyperbole (hyper exaggerations) coming from rural Nevadan’s about their water table concerns was childish.”
You have to wonder what motivates Mr. Babbitt to say such a stupid thing, but then Pat Mulroy was also on the three person panel with him, and they were in Aspen Colorado. A poster child for conspicuous consumption and environmental lunatics. These are people who would like to tell you how many children you are allowed to have, and how large your carbon footprint can be, as they fly off in their private jet. They are asking for more of your dollars in the form of Obama’s Green stimulus money. Watch the forum videos!
They have already spent $ 80 Billion Dollars on Green stimulus bailout, and by the way, Harry Reid is claiming credit for the few short term jobs in Nevada this money created in his political race against Sharron Angle.
Southern Nevada Water Authority has proposed a pipeline from Las Vegas through Lincoln County and continuing into White Pine County on to the North. The Las Vegas Valley water district, now SNWA, filed 146 ground water applications in 1989 for undeveloped, unproven ground water in Eastern Nevada. This spark has lit the fuse for the battles to come. They do not at this time have approval for the water needed to supply this pipeline.
The Colorado River Compact allows Las Vegas 400,000 acre feet of water from Lake Mead. On average, one acre foot will supply two homes per year. A study by the Scripps Institution of Oceanography in San Diego said there's a 50 percent chance that Lake Mead, could run dry by 2021. In the last ten years Lake Mead has dropped from around 1200 ft. to below 1100 ft. today. At 1050 ft. Hoover Dam will stop generating electricity, and at 1000 ft. Las Vegas will lose the lower intake for the city‘s water supply.
Currently Lake Mead (The Colorado River) supplies 90% of the water to the Las Vegas Metro area. The Colorado River serves Arizona, California, Colorado, Nevada, New Mexico, Wyoming, Utah, and Mexico, over 30 million people live in this region. We now know that based on the twenty year river flow study leading up to the Colorado River Compact in 1922, the river was over allocated by one million acre feet when the compact was signed and the shortage has only become worse.
The NASA/German Aerospace Center Gravity Recovery and Climate Experiment (Grace) study has found since 2003 the aquifers for California's primary agricultural region the Central Valley and its major mountain water source the Sierra Nevada have lost nearly enough water combined to fill Lake Mead, America's largest reservoir. This area represents nearly one sixth of all the United States irrigated land and the dropping water tables have the potential to have huge implications to the US economy.
None of this news is new , in fact the warnings have been ignored for over one hundred years. Panelists Bruce Babbit, Pat Mulroy, Sandra Postel and The Aspen Institute’s Environment Forum are apparently more interested in advancing their agenda than dealing with facts and truth.
John Wesley Powell told the International Irrigation Congress in Los Angeles in 1893,
“You are piling up a heritage of conflict and litigation over the water rights, there is no sufficient water to supply the land.”
Many, many scientific studies today are clearly confirming his thoughts.
I wonder what John Wesley Powell would think today?
How limited are your water resources?
It is made up of many smaller drainage basins.
There is a complicated system of hydrology below the very interesting geology and topography of fractured, tilted plates of the Earth’s crust, that make up the Great Basin. Often referred to as Basin and Range because those tilted plates create mountain ranges that run from north to south. As the Earths crust stretched, cracked and tilted, it created large dry valleys or basins between the ranges. These basins can be compared to bowls that collect the snowmelt off the mountains. The alluvial fans are like great sponges, absorbing the meltwater into the ground. The snowpack is the primary recharge for the aquifers.
Nevada and the Great Basin is divided by the Nevada State Engineers Office into 256 ground water basins, some are “designated basins“. Designated basins, when it comes to water, may only be open to additional allocations for preferred uses, like municipalities for additional pumping.
Scientists are and have been measuring water table levels, spring flow rates, and precipitation for many years. We know pumping affects water table levels. We know the average precipitation, but then that is history. Today drought is in the news and many scientists believe more drought is likely in our future, due to climate pattern changes taking place. Future recharge rates are speculative.
They know the maximum consumption allowed by the existing recorded water rights. Not all basins are decreed and some additional rights could be out there and are not recorded but valid. Domestic wells are generally not considered, no permit is required to drill a domestic well, and they are limited to two acre feet per year in consumption.
The terminology of Hydrology seems very complicated, at least for this layperson. The science, like most science attempting to make future projections is speculative, especially the flows between the many basins and the aquifer recharge rates. New discoveries in all science fields rewrite what we thought we knew as fact, everyday.
Unfortunately, we may not have the answers to some of the most important questions until the water tables have dropped and the Seeps and Springs are gone. The scientists can not tell us when the flow rates of Seeps and the Springs may slow, or even dry up. The truth is they can only speculate. They do not know how drought will affect recharge rates of the aquifers, and they certainly do not know how long or severe the drought may be. There is far more that science is unsure of, than there is that can be actually guaranteed.
July 27, 2010 at the Aspen Institute's Environment Forum, Former U.S. Secretary of the Interior Bruce Babbitt at the “Hot and Dry: Water in the West and the World,” told the audience,
“Water scarcity is an issue, not everywhere, but in some regions. The American Southwest is not one of those regions where there is water scarcity. It's hard to believe given all the hyping in the national and local and regional press.”
This is right in line with Pat Mulroy’s statement when she said, “The hyperbole (hyper exaggerations) coming from rural Nevadan’s about their water table concerns was childish.”
You have to wonder what motivates Mr. Babbitt to say such a stupid thing, but then Pat Mulroy was also on the three person panel with him, and they were in Aspen Colorado. A poster child for conspicuous consumption and environmental lunatics. These are people who would like to tell you how many children you are allowed to have, and how large your carbon footprint can be, as they fly off in their private jet. They are asking for more of your dollars in the form of Obama’s Green stimulus money. Watch the forum videos!
They have already spent $ 80 Billion Dollars on Green stimulus bailout, and by the way, Harry Reid is claiming credit for the few short term jobs in Nevada this money created in his political race against Sharron Angle.
Southern Nevada Water Authority has proposed a pipeline from Las Vegas through Lincoln County and continuing into White Pine County on to the North. The Las Vegas Valley water district, now SNWA, filed 146 ground water applications in 1989 for undeveloped, unproven ground water in Eastern Nevada. This spark has lit the fuse for the battles to come. They do not at this time have approval for the water needed to supply this pipeline.
The Colorado River Compact allows Las Vegas 400,000 acre feet of water from Lake Mead. On average, one acre foot will supply two homes per year. A study by the Scripps Institution of Oceanography in San Diego said there's a 50 percent chance that Lake Mead, could run dry by 2021. In the last ten years Lake Mead has dropped from around 1200 ft. to below 1100 ft. today. At 1050 ft. Hoover Dam will stop generating electricity, and at 1000 ft. Las Vegas will lose the lower intake for the city‘s water supply.
Currently Lake Mead (The Colorado River) supplies 90% of the water to the Las Vegas Metro area. The Colorado River serves Arizona, California, Colorado, Nevada, New Mexico, Wyoming, Utah, and Mexico, over 30 million people live in this region. We now know that based on the twenty year river flow study leading up to the Colorado River Compact in 1922, the river was over allocated by one million acre feet when the compact was signed and the shortage has only become worse.
The NASA/German Aerospace Center Gravity Recovery and Climate Experiment (Grace) study has found since 2003 the aquifers for California's primary agricultural region the Central Valley and its major mountain water source the Sierra Nevada have lost nearly enough water combined to fill Lake Mead, America's largest reservoir. This area represents nearly one sixth of all the United States irrigated land and the dropping water tables have the potential to have huge implications to the US economy.
None of this news is new , in fact the warnings have been ignored for over one hundred years. Panelists Bruce Babbit, Pat Mulroy, Sandra Postel and The Aspen Institute’s Environment Forum are apparently more interested in advancing their agenda than dealing with facts and truth.
John Wesley Powell told the International Irrigation Congress in Los Angeles in 1893,
“You are piling up a heritage of conflict and litigation over the water rights, there is no sufficient water to supply the land.”
Many, many scientific studies today are clearly confirming his thoughts.
I wonder what John Wesley Powell would think today?
How limited are your water resources?
Sunday, May 23, 2010
Water Rights on Nevada Ranches and Irrigated Nevada Farms For Sale
Nevada Ranch and Farm Land with Water Rights Issues
Are you unsure if all the hype about water and food shortages in the future is real or just?
The science is mounting and it is not any one single cause or source. You may not buy into global warming or maybe you do and just do not believe it is man caused. Either way drought is real.
As mentioned the science is mounting in favor of serious problems in coming decades for mankind’s ability to provide adequate fresh drinking water and food to the increasing billions of us on the planet.
In previous blogs I have referenced National Geographic’s April 2010 Special Issue, “Water Our Thirsty World”. They clearly believe we have a problem already in many parts of the world including parts of the United States.
A new study called, the gravity recovery and climate experiment, or GRACE shows the following.
“Combined, California's Sacramento and San Joaquin drainage basins have shed more than 30 cubic kilometers of water since late 2003, said Jay Famiglietti, UCI Earth system science professor and director of the UC Center for Hydrologic Modeling. A cubic kilometer is about 264.2 billion gallons, enough to fill 400,000 Olympic-size pools. The bulk of the loss occurred in the state's agricultural Central Valley. The Central Valley depends on irrigation from both groundwater wells and diverted surface water.
"GRACE data reveal groundwater in these basins is being pumped for irrigation at rates that are not sustainable if current trends continue," Famiglietti said. "This is leading to declining water tables, water shortages, decreasing crop sizes and continued land subsidence. The findings have major implications for the U.S. economy, as California's Central Valley is home to one-sixth of all U.S. irrigated land and the state leads the nation in agricultural production and exports."
The loss is nearly enough to fill Lake Mead, America’s largest reservoir and Las Vegas Nevada’s primary water source. The Central Valley’s major source of water comes from the Sierra Nevada Mountain Range.
Source: University of California - Irvine (2009, December 15). California's troubled waters: Satellite-based findings reveal significant groundwater loss in Central Valley. ScienceDaily. Retrieved May 23, 2010, from http://www.sciencedaily.com/releases/2009/12/091214152022.htm
Next week I will be attending a luncheon in Las Vegas;
How You May be Impacted by Nevada’s Water Supply
Presentation by: Pat Mulroy
General Manager, Southern Nevada Water Authority
I will report what she has to say about our water in Nevada.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Are you unsure if all the hype about water and food shortages in the future is real or just?
The science is mounting and it is not any one single cause or source. You may not buy into global warming or maybe you do and just do not believe it is man caused. Either way drought is real.
As mentioned the science is mounting in favor of serious problems in coming decades for mankind’s ability to provide adequate fresh drinking water and food to the increasing billions of us on the planet.
In previous blogs I have referenced National Geographic’s April 2010 Special Issue, “Water Our Thirsty World”. They clearly believe we have a problem already in many parts of the world including parts of the United States.
A new study called, the gravity recovery and climate experiment, or GRACE shows the following.
“Combined, California's Sacramento and San Joaquin drainage basins have shed more than 30 cubic kilometers of water since late 2003, said Jay Famiglietti, UCI Earth system science professor and director of the UC Center for Hydrologic Modeling. A cubic kilometer is about 264.2 billion gallons, enough to fill 400,000 Olympic-size pools. The bulk of the loss occurred in the state's agricultural Central Valley. The Central Valley depends on irrigation from both groundwater wells and diverted surface water.
"GRACE data reveal groundwater in these basins is being pumped for irrigation at rates that are not sustainable if current trends continue," Famiglietti said. "This is leading to declining water tables, water shortages, decreasing crop sizes and continued land subsidence. The findings have major implications for the U.S. economy, as California's Central Valley is home to one-sixth of all U.S. irrigated land and the state leads the nation in agricultural production and exports."
The loss is nearly enough to fill Lake Mead, America’s largest reservoir and Las Vegas Nevada’s primary water source. The Central Valley’s major source of water comes from the Sierra Nevada Mountain Range.
Source: University of California - Irvine (2009, December 15). California's troubled waters: Satellite-based findings reveal significant groundwater loss in Central Valley. ScienceDaily. Retrieved May 23, 2010, from http://www.sciencedaily.com/releases/2009/12/091214152022.htm
Next week I will be attending a luncheon in Las Vegas;
How You May be Impacted by Nevada’s Water Supply
Presentation by: Pat Mulroy
General Manager, Southern Nevada Water Authority
I will report what she has to say about our water in Nevada.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Saturday, November 7, 2009
Judge Slaps State Engineer Over SNWA Pipeline Water Rights
The temperature just went up in Las Vegas and it may get even drier.
In a recent ruling Nevada Judge Norman Robison ruled that State Engineer Tracy Taylor “abused his discretion” and “acted arbitrarily, capriciously and oppressively”
This is big news for both sides of the proposed SNWA pipeline issue and it sounds like the Nevada Supreme Court will most likely get to hear this case.
You can read the whole story at Las Vegas Review Journal and The Ely Times.
If you not planning to build a pipeline and would like to find a nice Nevada Farm or Cattle Ranch with water rights, we have few listed for sale. If you have one you are considering selling, Talk to Chris before listing it another broker, he knows his stuff.
Land in Nevada with Water Rights is listed and available today.
Chris W. Miller is a Nevada Farm and Ranch with Water Rights Specialist
at ERA Brokers Consolidated Mesquite, Nevada
702-346-7200 or 435-862-5951
ERA Brokers Consolidated
Mesquite NV 89027
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
In a recent ruling Nevada Judge Norman Robison ruled that State Engineer Tracy Taylor “abused his discretion” and “acted arbitrarily, capriciously and oppressively”
This is big news for both sides of the proposed SNWA pipeline issue and it sounds like the Nevada Supreme Court will most likely get to hear this case.
You can read the whole story at Las Vegas Review Journal and The Ely Times.
If you not planning to build a pipeline and would like to find a nice Nevada Farm or Cattle Ranch with water rights, we have few listed for sale. If you have one you are considering selling, Talk to Chris before listing it another broker, he knows his stuff.
Land in Nevada with Water Rights is listed and available today.
Chris W. Miller is a Nevada Farm and Ranch with Water Rights Specialist
at ERA Brokers Consolidated Mesquite, Nevada
702-346-7200 or 435-862-5951
ERA Brokers Consolidated
Mesquite NV 89027
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
Thursday, November 5, 2009
City Of Mesquite Purchases Land Without Appraisal
City of Mesquite Recently Purchased Land for New Library
Mesquite Nevada Commercial Real Estate Market, information every investor should know.
The City of Mesquite just closed on a prime parcel of land on Mesquite Blvd to build a new library. The City of Mesquite could use a nice new shiny library with all the bells and whistles.
They paid $1,717,000 for 3.22 acres, that is 140,263 square feet or $12.24 per square foot. So much for the $20 a foot the market has been asking for years for Mesquite Blvd frontage. Reports are no appraisal was required by the buyer, the City of Mesquite.
Who spends nearly two million tax dollars without the benefit of a professional opinion of value? I am surprised The City of Mesquite can even do that legally.
The is one more commercial land sale to report in the past twelve months through MLS. It was a quarter acre sold for $92,500 or $8.85 a square foot, located on Hafen just south of the Maverik the gas station. This sale was nice street frontage and would have been used as a comparable in my opinion.
Not only are the City of Mesquite elected officials out of control, so is the city manager.
What the heck, it is just our tax dollars they are spending anyway, RIGHT?
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Mesquite Nevada Commercial Real Estate Market, information every investor should know.
The City of Mesquite just closed on a prime parcel of land on Mesquite Blvd to build a new library. The City of Mesquite could use a nice new shiny library with all the bells and whistles.
They paid $1,717,000 for 3.22 acres, that is 140,263 square feet or $12.24 per square foot. So much for the $20 a foot the market has been asking for years for Mesquite Blvd frontage. Reports are no appraisal was required by the buyer, the City of Mesquite.
Who spends nearly two million tax dollars without the benefit of a professional opinion of value? I am surprised The City of Mesquite can even do that legally.
The is one more commercial land sale to report in the past twelve months through MLS. It was a quarter acre sold for $92,500 or $8.85 a square foot, located on Hafen just south of the Maverik the gas station. This sale was nice street frontage and would have been used as a comparable in my opinion.
Not only are the City of Mesquite elected officials out of control, so is the city manager.
What the heck, it is just our tax dollars they are spending anyway, RIGHT?
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Saturday, October 31, 2009
Water Rights Sale Inked
Recent water rights sale transactions in Nevada includes 35 shares of Virgin River surface water. There are about 10 acre feet per share under the Virgin River Share arrangement in the Mesquite and Bunkerville irrigation system.
"In 1961 water shares in the valley were worth $14 per share and you were a damn fool to buy them" stated Cecil Leavitt, a Virgin Valley board director. He went on to say "Today they are worth more than the land".
The final sale price for the 35 shares was $2,801,968 or about $80,056 per share. That translates to over $8000 per acre foot for surface water rights.
The surface water is not currently used by the buyer of the rights, Virgin Valley Water District as drinking water. Construction of a water treatment plant to purify the water will be required for the local rate payers to see any beneficial use from the purchase.
There are few reasons the district would go ahead with the purchase now, except the fact that if they did not buy the shares now, Southern Nevada Water Authority might. Once they are owned and headed to Las Vegas they would never be available in the Virgin River Valley again.
This story will play out across Nevada over and over in the next few years. Basins are being closed to additional allocations, additional permits are being denied. What currently exists will only increase in value. Demand continues to grow from domestic growth to agricultural needs and uses.
Funny to hear "you would have to have been a damn fool to pay $14 a share in 1961, and it just sold for over $80,000 ".
While few had the foresight then, the future of water rights in Nevada seems very clear today. What do you think they will be saying in another twenty years?
Chris W. Miller is a Nevada Irrigated farm and ranch land specialist; most of his currently listed properties have water rights. Call Chris today for more information.
Ref:Mesquite Local News Oct. 22, 2009
Chris W. Miller
ERA Brokers Consolidated
Mesquite NV 89027
702- 346-7200
435-862-5951
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
Wednesday, October 28, 2009
Land, Food, Agriculture, and Water Rights in Nevada
Fortune magazine, June 22, 2009 issue has a good article on “Why Farm Land is Hot”. Why ETF’s are investing today for the long haul on the food and water shortages in our future. From 1960 to 2000 the world went from over one acre of arable land per person to just over a half acre of arable land per person.
Growing populations and the shrinking supply of arable land will be a key focus of humanity as millions starve in the not too distant future. Water in many locations is the key to food production.
Water rights in Nevada are our most valuable resource. Irrigated agricultural land is available and the prices are increasing. Many basins in Nevada are closed to any future additional water rights; the supply side is very limited and will not increase. While demand continues to grow, with or without future housing developments.
We have cattle ranches with live springs filling stock tanks to water the cattle, and the ranch owns those water rights. We have sections of land with irrigation pivots watering grains like wheat and barley, as well as potatoes, and alfalfa. These irrigation pivots are fed from wells on the land and the farmers own those water rights.
Many farmers are willing to pay handsome lease payments to farm this ground, offering good rates of return to investors. You can own a half full strip mall with falling rents and potential future higher vacancy rates, or farm land with water rights.
If you have the means and are still not sure of the future demand, check out what the executives from some the nation’s largest agricultural companies have to say about the future demand.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Investing in Nevada Irrigated Farm and Ranch Land with Water Rights
When most people think of farm land and ranch property, they think open ranges, hay fields, cattle and cowboys riding horses.
Wall Street seems like a far off place in another world. A fast paced place driven by profit and greed.
It seems the classic contradiction, slower paced, straight talking, down to earth folks making their living off the land verses the Bernie Madoff and George Soros types.
Truth is, the story I am about to tell you just may be a little sad, because Wall Street is buying up the farm. Over the past few years investment power houses like BlackRock, and retirement plan giants like TIAA-CREF has been plowing money into farmland. In Nevada farm land generally means land with water rights, due to the arid climate.
These are smart people who are motivated by money and profit.
Here is the deal; the fundamentals are in place for a long term boom in prices for everything AG-related. Consider this; in 1960 there were 1.1 acres of arable farmland per person globally, according to data from the United Nations. By 2000 that number had fallen to .6 acres. Over the next 40 years the world population is projected to grow from 6 billion to 9 billion.
According to Joachim von Braun, director general of the International Food Policy Research Institute, “Land is scarce and will become scarcer as the world has to double food output to satisfy increased demand by 2050”. “With limited land and water resources, this will automatically lead to increased valuations of productive land.” Von Braun goes on to say, “It goes hand in hand with water, Water scarcity will probably increase even more than land.”
Water in Nevada is today in short supply and clearly demand will outpace supply as they continue to close basins to new permits. Water rights in Nevada have another issue facing the dwindling supply, the demographic shift of the baby boomers to the more tax favorable warmer climate. Choices, decisions, are being made today, do we use the water for agriculture and food production, or do we pipe to Las Vegas for culinary use.
Farmers and cattle ranchers want to stay in the business, but millions of dollars waved under their noses make it tough to say no to the sale. Many will stay on and lease to continue to live the lifestyle they love. These lease payments are cash flow on the investments. Could it be a win-win situation?
Commodities guru Jim Rogers says, “I’m convinced that farmland is going to be one of the best investments of our time.”
Meanwhile, B.L. Harris, acting director of the Texas Water Resource Institute, knows well the problems of the Ogallala system. “The one big issue with regard to the Ogallala is the fact that the annual recharge is much, much lower than the extraction rate that we are putting on the aquifer at the present time. The aquifer is over-drafted to a substantial extent.” The Ogallala is one of the world’s largest aquifers covering 174,000 square miles; it runs from South Dakota to Texas. Some estimates say it will dry up in as little as 25 years.
Farmers are smart and they talk, they may wear overalls and talk funny, but farming is older than Wall Street.
Water and food are the sources of life for the planet, demand is guaranteed to grow. There are few guarantees on Wall Street. Farming is a difficult business, but it is a fine tuned machine, executed properly it is a huge profit opportunity.
Chris W. Miller is Nevada irrigated farm and ranch land specialist with ERA Brokers Consolidated. Chris has Nevada farms as small as 266 acres with ground water rights, to Nevada cattle ranches with large BLM rangeland leases, listed and available for sale. For information about Nevada farm and ranch land with water rights call
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
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