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Arizona to cancel leases allowing Saudi-owned farm access to state's groundwater

Por: MarketWatch Business October 04, 2023

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An investigation by the governor’s office found that the foreign-owned farm had violated some of its lease terms. Hobbs called it unacceptable that the farm “continued to pump unchecked amounts of groundwater out of our state while in clear default on their lease.” Fondomonte Arizona, a subsidiary of Saudi dairy giant Almarai Co., grows alfalfa in Arizona that feeds livestock in the water-stressed Gulf kingdom. Through a spokesperson,... + full article



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