Water Asset Management is a fast-growing hedge fund based in New York that buys "water-rich" properties (primarily in Western US) and re-sells the excess water. They have a 2nd office in San Francisco.

Concerns I have are:
1) will this mean less land used for agriculture when the hedge fund starts making more money re-selling the H2O than using it for agricultural purposes. Who determines how much H2O must be used for agriculture or canthey sell it all?

2) Will the price to H2O consumers increase because the hedge fund wants to maximize its profits-- and the return for investors?

3) Will the hedge fund take all of a river's flow to create water banks where it can store "excess" H2O or to divert the H2O into canals to flow to another watershed-- (They are doing this in Winnemucca, NV area to the Humboldt River and have even proposed connecting the Humboldt River to a subsidiary of the Colorado River so the H2O can flow south -- to sell to S California???)

This was the original purpose of the Kern Water Bank--- to save H2O in good years to help agriculture in low rain/snow years BUT, in reality most of that H2O is re-sold and not stored.

Article on water banking in NV:
https://ucononline.com/news/2021/apr...-water-banking