Biden unveils plan to pay farmers and cities for Colorado River water cuts [View all]

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https://www.cnbc.com/2022/10/13/biden-unveils-plan-to-pay-farmers-cities-for-colorado-river-cuts-.html

Biden unveils plan to pay farmers and cities for Colorado River water cuts

PUBLISHED THU, OCT 13 2022 1:23 PM EDT
Emma Newburger

KEY POINTS

• The Interior Department announced that it will use some of the $4 billion in drought mitigation funding from the Inflation Reduction Act to pay farmers, cities and Indigenous tribes for drawing less water from the Colorado River.

• The program will focus on pushing for voluntary water cuts in the three lower Colorado River Basin states of Arizona, California and Nevada, the department said on Wednesday.

• The plan will pay applicants a set amount of money per acre-foot of water that they voluntarily don’t draw from drought-stricken Lake Mead, the country’s largest reservoir.

The Interior Department this week announced that it will use some of the $4 billion in drought mitigation funding from the Inflation Reduction Act to pay farmers, cities and Indigenous tribes for drawing less water from the drought-stricken Colorado River.

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