The Colorado Sun reports that a host of water managers across the state have been meeting, amiably, to discuss how best they can form a united front to stop Wall Street speculation on public water. Concerns have risen from a group called Water Asset Management, a New York investment firm that has spent more than $16 million over the past few years buying more than 2,000 acres of farmland in the Grand Valley. James Eklund, the former director of the state’s top water agency, the Colorado Water Conservation Board, is advising the firm. Eklund claims that the group wants to invest in agriculture in the Western United States in a sustainable way and is not speculating with the state’s water resources.
Read more on this story from The Colorado Sun.