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<br />~~., r:;~ 1 <br />'.,.' ,.'"..'..-0 '. <br /> <br />51 <br /> <br /> <br />impact on, streamflow readily available to the State Engineer by means of <br />the SAMSON simulation model, the daily delivery of augmentation water to <br />each canal can be ordered by the State Engineer to be met by the <br /> <br />appropriate groundwater organi zations composed of junior appropriators <br />within th~ Basin. <br /> <br />4.6 Water Markets <br /> <br />A water market is, in effect, a management tool of increasing <br />importanci;! in Colorado. Water right owners who no longer need the water <br />or who have excess water are free to rent temporarily or sell the right. <br />The only legal limitation is that changes associated with the transfer <br />of a right not injure other water right owners. In the economic sense, <br />a water market tends to increase economic efficiency of water use, <br />because it gradually results in transfer of water from low-return to <br />high-return uses. <br /> <br />4. 6.1 Emerging Speci alty Brokerages <br />Prior, to the 1970's there were few sales of water rights separate <br />from land in the South Platte Basin. Those which occurred were a result <br /> <br />of private negotiation. Today, however, brokers handl ing farm real <br />estate find that farm sales frequently involve a separate transaction <br />for part of the water rights. These brokers, by necessity, had to <br />become knOwledgeable about the process of selling a water right. A few <br />of them became sufficiently experienced that others looked to them for <br />guidance and assistance. Out of this process a few special ity broker- <br />ages for iwater rights have emerged. One such specialist estimates, <br />however, that in the basin there are only four brokerages in which 80 <br /> <br /> <br />L <br /> <br />, ". :.,,;,, x' <br /> <br />':: ','~i <br />'" ,,-',,, , , ;~,-,,~,,; <br />~, '~"%; ""' .~ ,',," <br />.- ", ,'" '~- ,. <br />