Signing a contract to put wind turbines on your property can bring in some significant money. However, there are things to keep in mind as a landowner before picking up that pen.
“That lease that you are agreeing to with that wind tower company is really going to set the structure for the terms of that contract,: the length of time, the payment schedule, if there’s damages, and the access points. There are a lot of things that need to be negotiated. Educating yourself, doing your due diligence as a landowner to familiarize yourself. Keeping your farm operator in the loop as well is going to be very important as you start thinking about entering into these contracts. We’ve certainly seen a flurry of them here in the Midwest. It’s very important to understand how that wind tower and that lease is going to affect your land value and your land asset for years to come,” said Spencer Smith.
Smith says he has seen contracts pay out anywhere from $2,000-$5,000 per megawatt per tower, with a typical lease running upwards of 30 years.
November 09, 2023 01:21 PM
In honor of Veterans Day this weekend, we wanted to take a moment to highlight an incredible program connecting our great nation’s heroes with agriculture!
November 08, 2023 01:54 PM
·
Shaun Haney, host of Rural Radio Channel 147’s Real Ag Radio, joined us Friday on Market Day Report with an update on the important vote involving the use of ag machinery in Canada.
November 03, 2023 02:14 PM
·
Falling feed costs and strong demand for butter could be good news for dairy farmers looking to get their finances back on track.
November 03, 2023 12:38 PM
·
Author Lee Klancher joined RFD-TV’s Market Day Report to discuss a new, special edition version of his book, “Farmall Century” hitting the shelves in honor of the iconic tractor’s major milestone and impact on the ag industry over the last century.
November 02, 2023 01:35 PM
·
In today’s production update, Total Acre Farming’s David Hula has an enlightening conversation with Jeremy Rountree about a new, industry-disrupting product from
Brandt Fungicide.
November 02, 2023 12:23 PM
·
