Re: Leasing land for Solar farms
[Re: Canvasback2]
#7586936
05/19/22 02:08 PM
05/19/22 02:08 PM
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Joined: Dec 2012
Posts: 2,142 NC - Here there and everywhere
coondagger2
"Brat"
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"Brat"
Joined: Dec 2012
Posts: 2,142
NC - Here there and everywhere
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Local farmer here leases 627 acres for a solar farm
They pay him $500 per year per acre. No free electricity.
That is $313,000 per year for the next 20 or 30 years
For a smaller farm like 10 acres the yearly rate per acre should be higher
Gotta live up to the nickname...
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Re: Leasing land for Solar farms
[Re: coondagger2]
#7586945
05/19/22 02:20 PM
05/19/22 02:20 PM
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Joined: Jan 2018
Posts: 4,585 MN
Donnersurvivor
trapper
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trapper
Joined: Jan 2018
Posts: 4,585
MN
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Local farmer here leases 627 acres for a solar farm
They pay him $500 per year per acre. No free electricity.
That is $313,000 per year for the next 20 or 30 years
For a smaller farm like 10 acres the yearly rate per acre should be higher Hard to understand why they wouldn't just buy property if they are paying that much for rent.
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Re: Leasing land for Solar farms
[Re: Donnersurvivor]
#7586948
05/19/22 02:26 PM
05/19/22 02:26 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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Local farmer here leases 627 acres for a solar farm
They pay him $500 per year per acre. No free electricity.
That is $313,000 per year for the next 20 or 30 years
For a smaller farm like 10 acres the yearly rate per acre should be higher Hard to understand why they wouldn't just buy property if they are paying that much for rent. My guess is they pay the rent from current revenues and don't want to tie up capital in illiquid investments like land. Also, they are then on the hook for property taxes that they can't control
Mean As Nails
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Re: Leasing land for Solar farms
[Re: Donnersurvivor]
#7586972
05/19/22 03:18 PM
05/19/22 03:18 PM
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Joined: Sep 2013
Posts: 18,625 Green County Wisconsin
GREENCOUNTYPETE
trapper
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trapper
Joined: Sep 2013
Posts: 18,625
Green County Wisconsin
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Local farmer here leases 627 acres for a solar farm
They pay him $500 per year per acre. No free electricity.
That is $313,000 per year for the next 20 or 30 years
For a smaller farm like 10 acres the yearly rate per acre should be higher Hard to understand why they wouldn't just buy property if they are paying that much for rent. my suspicion is they leave you with the mess when the lease is up isn't that what happens with the wind turbines you can't just pop thousands of yards of concrete out of the ground.
America only has one issue, we have a Responsibility crisis and everything else stems from it.
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Re: Leasing land for Solar farms
[Re: Canvasback2]
#7586976
05/19/22 03:28 PM
05/19/22 03:28 PM
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Joined: Dec 2012
Posts: 2,142 NC - Here there and everywhere
coondagger2
"Brat"
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"Brat"
Joined: Dec 2012
Posts: 2,142
NC - Here there and everywhere
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No sir, the farm has to be restored to its previous conditions once the lease is up. It's in the contract
I don't know how you instantly restore 600 acres of mature white and red oak hardwoods, but that's what's in the contract
Gotta live up to the nickname...
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Re: Leasing land for Solar farms
[Re: Canvasback2]
#7586984
05/19/22 03:49 PM
05/19/22 03:49 PM
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Joined: Jul 2016
Posts: 918 SD
TC1
trapper
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trapper
Joined: Jul 2016
Posts: 918
SD
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That’s all of our taxes subsidizing this btw fellas, just so ya know. No different than wind farms here, without out taxes to prop them up they would all fold.
Long live the MAGA King
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Re: Leasing land for Solar farms
[Re: EdP]
#7586988
05/19/22 03:55 PM
05/19/22 03:55 PM
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Joined: Dec 2012
Posts: 2,142 NC - Here there and everywhere
coondagger2
"Brat"
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"Brat"
Joined: Dec 2012
Posts: 2,142
NC - Here there and everywhere
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I don't see 600 acres of mature hardwoods as what is normally considered "farm ground". Any farmer in that situation needs to take the timber off prior to the lease term starting. Hi Ed, where did I say this farmer considered this "farm ground" ? Obviously the timber was taken off but I'm not sure who received that paycheck
Gotta live up to the nickname...
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Re: Leasing land for Solar farms
[Re: coondagger2]
#7587006
05/19/22 04:26 PM
05/19/22 04:26 PM
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Joined: Sep 2013
Posts: 18,625 Green County Wisconsin
GREENCOUNTYPETE
trapper
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trapper
Joined: Sep 2013
Posts: 18,625
Green County Wisconsin
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No sir, the farm has to be restored to its previous conditions once the lease is up. It's in the contract
I don't know how you instantly restore 600 acres of mature white and red oak hardwoods, but that's what's in the contract does it say previous condition or farmable condition bust up the base that sticks up above the ground put 4 feet of dirt over it and leave a massive chuck of concrete underneath there is of course breach of contract , what is the penalty offer a bond at installation for removal and sure they farmer can have the bond but the liability likely ends there we see all the time how companies work to limit their liability it's like swing set manufacturers go under every 8-10 years the company that builds sells to investors the product and not the liability the instialtion company dies when the CEO retires and a VP of the old company starts a new company when ever something doesn't seem to make sense there is a reason it is being done the way it is i could be completely wrong but I do not see them pulling thousands of yards of concrete and rebar out
Last edited by GREENCOUNTYPETE; 05/19/22 04:41 PM.
America only has one issue, we have a Responsibility crisis and everything else stems from it.
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Re: Leasing land for Solar farms
[Re: Canvasback2]
#7587032
05/19/22 05:27 PM
05/19/22 05:27 PM
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Joined: Nov 2007
Posts: 9,851 St. Cloud, MN
trapperkeck
trapper
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trapper
Joined: Nov 2007
Posts: 9,851
St. Cloud, MN
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Insolvency/bankruptcy would be the biggest concern. Landowner is stuck if the leasor becomes judgement proof.
"The voice of reason!"
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Re: Leasing land for Solar farms
[Re: Canvasback2]
#7587100
05/19/22 07:41 PM
05/19/22 07:41 PM
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Joined: Dec 2006
Posts: 7,526 WI>>>MN >>>WI
T-Rex
trapper
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trapper
Joined: Dec 2006
Posts: 7,526
WI>>>MN >>>WI
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Things may be a bit different today, but;
Back when Trump decided that everybody should get a tax cut, at the expense of me not being able to deduct all of my property taxes; I looked into renting out 10 acres for wind or solar.
To the relief of my neighbors, it could not be justified. I don't remember the numbers, but, it was not nearly enough to offset my taxes.
Man who mistake shillelagh for fairy wand; see pixie dust, also.
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Re: Leasing land for Solar farms
[Re: trapdog1]
#7587123
05/19/22 08:23 PM
05/19/22 08:23 PM
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Joined: Mar 2010
Posts: 5,950 2A Sanctuaries-W. OK & N. NM
Blaine County
trapper
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trapper
Joined: Mar 2010
Posts: 5,950
2A Sanctuaries-W. OK & N. NM
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Hey Blaine County: What say you about this? I realize this may not be your area of expertise, but a lawyer's take would be interesting. I represent energy companies, mostly oil and gas but some renewable, almost exclusively. We're seeing some solar but so far it is mostly wind. I generally know the ballpark rates for wind, but unfortunately am not up on current solar rates. We're also seeing some battery facilities coming to Oklahoma. As for reclamation, insolvency, taxes, etc., read your lease closely and get a lawyer in your state who actually knows what he/she is doing. It is very state specific. It's also industry specific. And, if you're in oil and gas country--the renewable leases are very, very different than oil and gas leases. If it was my client, I would say no way on free electricity. Too much liability. I defended a fair number of "house gas" cases back in the day. Some old oil and gas leases gave free gas to the lessor--who often blew up a barn or a house. One Plaintiff I recall used a garden hose to get gas to the house....
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Re: Leasing land for Solar farms
[Re: coondagger2]
#7587249
05/19/22 11:27 PM
05/19/22 11:27 PM
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Joined: Dec 2006
Posts: 3,518 Moved to Fbks, Ak.
martentrapper
trapper
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trapper
Joined: Dec 2006
Posts: 3,518
Moved to Fbks, Ak.
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Local farmer here leases 627 acres for a solar farm
They pay him $500 per year per acre. No free electricity.
That is $313,000 per year for the next 20 or 30 years
For a smaller farm like 10 acres the yearly rate per acre should be higher At 313 thou a year just in rent, does the solar company actually make money? How many megawatts of power can an acre of solar panels produce per year in N.C.? In Alaska a watt of panel rating will produce 1 kWh of power per year. I would assume that total yearly sunlight is similar regardless of where on the planet you are with accounting for average yearly weather conditions.
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