Anonymous ID: 7488e6 Jan. 14, 2020, 6:12 p.m. No.7816557   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

https://unusualinvestments.com/invest-in-water-rights/

 

Water rights get litigated heavily. Several concepts come into play such as common law, public trust doctrine, and eminent domain (because the government forbids taking property from a land owner without compensation). California has a much more complex system that is sort of a hybrid between riparian and prior appropriation. If you own a piece of property that has water rights, you can sell the water rights to someone else. Many of the sales take place with one party or their representative (possibly a real estate agent or landman) contacting another party after looking up ownership records. There are a few websites that are either neutral marketplaces or water rights brokerages like waterrightexchange.com, watercolorado.com, and waterbank.com that list water rights for sale.

The most notable water rights deal out there is billionaire T. Boone Pickens selling his water rights of land he owns over the Ogallala Aquifer in West Texas for $103 million to 11 nearby cities including Amarillo and Lubbock. He sold the right to drain 65 billion gallons of water a year from underneath his land. What he did should form as a template for what someone else can do to make money selling water rights