Re: Re: Re: Re: METERED well water

Posted by kyhayman on May 29, 2004 at 19:57:11 from (205.188.117.10):

In Reply to: Re: Re: Re: METERED well water posted by john in la on May 29, 2004 at 06:22:57:

Even in the western US you may not own (or be able to use) the water that flows through your farm. In the eastern US it is typically riparian rights, if you join a stream you may draw out of it for your own use as long as you dont disturb the flow.

With mineral and timber rights, that happens just up north of you all the time. We had a state constitiutional amendment a few years ago, people sold their mineral rights (coal mainly, some clay) back in the 19 teens, before strip mining. They could come in and strip mine your farm for the coal. Change required them to use method in place when the rights were sold (deep mining).

Land sold without timber rights, you bet. (New) landowner cant clear it until I cut my timber, I know some land right now in that shape. Someone bought the timber by the boundary and the buyer made sure their wasnt a deadline in his contract to when he had to harvest. He paid $100,000 for the timber and offered to sell his contract to the new owner for $500,000 (3 years later).

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