860 ac of adjudicated agric irrigation water rights

Water rights in New Mexico can be purchased and put to use on the 860 acres shown on enclosed survey. However, the water rights can be purchased and moved to another area within the Mimbres Basin. The transfer of the water rights is recorded at the New Mexico Office of the State Engineer. call owner of the water rights at 480-392-855O for all the information on purchasing these water rights. Water rights in New Mexico are governed by the Doctrine of Prior Appropriation, meaning water belongs to the public and is subject to the rule of "first in time, first in right". Because water rights are "usufructuary" (the right to use rather than own the water itself), they are property rights that can be sold, transferred, or severed from real estate.