Groundwater conservation, starting with local measurement and involvement, is a crucial piece of the water puzzle in Texas. The number of water users is growing fast, and they’re all drawing out of the same shared savings account. It pays to be informed because increased awareness and engagement can lead to potential solutions. And as the saying goes: If you don’t have a seat at the table, you’re probably on the menu.
House Bill 1221, recently signed into Texas law, requires sellers of residential real estate to disclose whether any part of a property is in a groundwater conservation district (GCD) or subsidence district. The law affects all transfers taking place January 1, 2016 or later. By not investigating this for yourself, you could be in for an unwelcome surprise after you close on a property.
The challenge for Colorado’s new water plan, and other state water planning efforts, is to clearly set forth specific, concrete action steps and avoid the fate of their 1970s predecessors as “shelf art.” View this week’s blog post about how the national water planning efforts present an opportunity for state and federal government sources to make data investments to address data gaps that exist in all states.
Whether you are trying to buy property, expand your operation or keep your farm going, it is important to know about your water rights when you apply for a loan. Bankers allocate their limited funds to borrowers based on the 5 Cs of credit, and those factors can be affected by the quality of the farm’s water supply and water rights. Are you prepared? Find out how you can use Water Sage to get a better farm loan.
In the arid West, your water rights are a critical component of the land where you live, work, and play. While most landowners understand the importance of their water rights, many do not know how to effectively manage and protect them for themselves or for future generations. The bottom line is that you are the best person to manage your water rights assets. But where to start?