Comment by cactusplant7374
8 hours ago
I am still receiving advertisements from solar companies that want to put panels on farm land. They pay around $3-$4k an acre
8 hours ago
I am still receiving advertisements from solar companies that want to put panels on farm land. They pay around $3-$4k an acre
Per month or year? And what region?
Like monthly? Yearly?
I'm not the person you're replying to, but if I read the following link correctly, the USA average price to purchase is only $5.5k/acre, and any part of the US cheaper than or including the average price in Nebraska (ranked 17th at $3,884/acre) could well be trading food farmland for solar farm land at that price:
https://acretrader.com/resources/farmland-values/farmland-pr...
In Nebraska, you're talking about food for cattle. The profit per acre is low and so the price is low.
3 replies →
Well thanks. Now I reviewed what I had in mind for the size of an acre, and it's way smaller than I though (I don't know why I was thinking it was way bigger than an hectare). Also, I always forget the size differences of unused land between continental Europe and the US. :D
High plains Nebraska land can support cattle grazing or maybe a wheat crop, given they receive less than 10” of rain per year.
Nobody is converting irrigated Ogallala aquifer farmland to solar fields, they’re taking marginal land used for grazing and using that for solar fields. Productive farmland can have wind turbines within it, due to the smaller footprint of the turbine tower.
Productive farmland is $10k+ an acre, more if it’s irrigated. The cost of rural land is based on the economic rents/value that can be extracted from the land.
This is for a 20 or 30 year lease. One time payment. 4k is on the high side.