Wells are going dry and the ground is sinking in the towns of Wenden and Salome in eastern La Paz County. Residents fear a proposed water transfer from their basin to Central Arizona cities will force them to chase water deeper, which they cannot afford. But the New York-based hedge fund attempting the transfer argues this would save more water than their current land use: growing alfalfa. … Now Rep. Gail Griffin, R-Hereford, has proposed legislation that would make water transfers from McMullen Valley a reality. Existing law wouldn’t allow Water Asset Management, a firm that owns nearly 13,000 acres of alfalfa fields north of Wenden, to act as an intermediary for the transfers. By amending the law with Griffin’s bill, the transfer could go forward.