Reveal

A Saudi-owned farm in the middle of the Arizona desert has attracted national attention and criticism since Reveal’s Nate Halverson and Ike Sriskandarajah first broke this story eight years ago. The farm is using massive amounts of water to grow hay and export it to Saudi Arabia in the midst of a water crisis in the American West.  Since then, megafarms have taken hold here. And the trend isn’t fueled just by foreign companies. Many people have no idea that their retirement funds are backing massive land deals that result in draining precious groundwater. Halverson uncovers that pension fund managers in Arizona knew they were investing in a local land deal, which resulted in draining down the aquifer of nearby communities. So even as local and state politicians have fought to stop these deals, their retirement fund has been fueling them. And it’s not just happening in Arizona. Halverson takes us to Southern California, where retirement money also was invested in a megafarm deal. This time, the farm was tapp