One of the largest blocks of privately owned senior water rights in the Colorado River and Yampa River basins sold in November. Set between Vail and Steamboat Springs, the ranch has 9,177 deeded acres adjacent to the Flat Top Wilderness outside Toponas and participated in a pilot program that compensates landowners for fallowing hayfields. Porcupine Ridge Ranch received an estimated $421,000 via the System Conservation Pilot Program to test methods for conserving water that could be part of a drought contingency plan. Ken Mirr and Robb Nelson of Mirr Ranch Group shared the $16.7 million listing. Said Mirr, “Porcupine Ridge Ranch was recognized by the Upper Colorado River Commission for its extraordinary water rights. We are pleased to have found a buyer that understood the ag values and especially the long-term investment value in the water rights.”
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