Those looking for safe haven, preservation and growth for their investment dollars realize that food and water, the basics to sustaining life have a broad secure market. It is estimated that that the world’s population will grow by another three billion hungry people over the next twenty short years. Irrigated agriculture farm and ranch land, and the control of Water Rights, when managed right, these limited resources have little long term, downside risk.
The future growth in demand is virtually guaranteed. Many basins are already closed or designated basins to additional Water Rights being issued. Priority dates may become more important. For a thirsty world, this market will only get tighter.
The information contained on this web site has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Due to the nature of the real estate business, market conditions are always changing.This is and always will be a work in progress, and subject to change.
Nevada's water law is based on statutes enacted in 1903 and 1905 and are founded on the principal of Prior Appropriation. Unlike some other states, Nevada has a statewide system for the administration of both ground water and surface water. Appropriative water rights are based on the concept of applying water to Beneficial Use and "First in Time, First in Right." Appropriative water rights can be lost through nonuse and they may be sold or transferred apart from the land.
Irrigated farmland, once granted, water rights in Nevada have the standing of both personal and real property- meaning they are conveyed as an appurtenance to real property unless they are specifically excluded in the deed of conveyance. It is possible to change the water's point of diversion, manner of use and place of use by filing the appropriate application with the state engineer.
Water Storage Pond
Chris W. Miller ABR, CRS, GRI 435-862-5951
Vegas Grand Realty & Property Management 8275 S. Eastern Ave. #111 Las Vegas, Nevada 89123
Valuable Resources and Complicated Issues Deserve Professional Representation.
Contact Chris W. Miller to discuss purchasing Nevada land or Listing your Farm or Ranch.