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Talk to me about solar farms
Posted on 9/14/19 at 5:15 pm
Posted on 9/14/19 at 5:15 pm
Family has 750 acres currently in sugar cane. They are getting ~$125 an acre rent from the farmers who are family. Family has been approached by someone offering $600 an acre to lease the entire property to put a solar farm.
Financially it sounds great, as in too good to be true. Anyone here ever had some acres leased to a solar farm? What’s the long term on this? In 10 years if solar goes kaput, what’s the realistic chances of putting it back in ag use?
Another thing to note is they all live next to the field and will look at it every day.
Financially it sounds great, as in too good to be true. Anyone here ever had some acres leased to a solar farm? What’s the long term on this? In 10 years if solar goes kaput, what’s the realistic chances of putting it back in ag use?
Another thing to note is they all live next to the field and will look at it every day.
21
Posted on 9/14/19 at 5:18 pm to braindeadboxer
If you live in a state controlled by Democrats trying to force the state into an absurd "100% green by 2030" type initiative then jump on it.
There is so much government money being thrown around to prop up the industry and line the pockets of friends and family.
May as well cash in.
There is so much government money being thrown around to prop up the industry and line the pockets of friends and family.
May as well cash in.
Posted on 9/14/19 at 5:19 pm to braindeadboxer
Sounds like they’re getting screwed by the farmers.
Posted on 9/14/19 at 5:30 pm to braindeadboxer
I'd jump on that. Solar energy is only going to continue to grow
quote:With $450,000, they can find a new house
Another thing to note is they all live next to the field and will look at it every day.
Posted on 9/14/19 at 5:34 pm to braindeadboxer
Here's an article about how co-locating solar panels and crops together helps both. The plants benefit from being protected from direct sunlight and consequently don't lose as much water. The solar panels are in turn cooled by the moisture that the plants beneath them release which allows them to run more efficiently. LINK
Posted on 9/14/19 at 5:37 pm to braindeadboxer
quote:
They are getting ~$125 an acre rent from the farmers who are family.
You should be getting nearly double that for sugarcane ... even with family farming the land.
However, you are right that agriculture can’t touch $600 an acre. Just be very careful about the particulars of the solar lease. It may be your land but the solar company will have complete control over it if they have the lease and it will likely offer you and your family little to no protection if the solar farm fails.
It may be a great deal if the farm actually works but could absolutely destroy your land and you will have no recourse if the solar farm fails.
Posted on 9/14/19 at 5:47 pm to braindeadboxer
If you turn them down send them my way
Posted on 9/14/19 at 5:49 pm to braindeadboxer
quote:you work from sun to sun
Talk to me about solar farms
Posted on 9/14/19 at 5:56 pm to braindeadboxer
The big question is can you live with taking that source of income away from the people that farm your land just to make a quick buck
Posted on 9/14/19 at 6:09 pm to braindeadboxer
quote:
braindeadboxer
What parish?
I know of something here in Pointe Coupee. Was offered $1500 a year for 30 year contract.
Posted on 9/14/19 at 6:23 pm to braindeadboxer
There’s a ny times article about this type of thing that’s a few years old. I recall reading it back in the day.
From what I remember - if they are offering that much per acre you have a few things in your favors: large substation nearby which have several sets of high voltage lines running to it.
Very few farmers approached got that high of a offer due to grid connection runs.
And they can buy another house or rent more land.
From what I remember - if they are offering that much per acre you have a few things in your favors: large substation nearby which have several sets of high voltage lines running to it.
Very few farmers approached got that high of a offer due to grid connection runs.
And they can buy another house or rent more land.
Posted on 9/14/19 at 7:11 pm to braindeadboxer
We’re slaves used on your families farm at any point?
Cause your family is probably racist
White folks with farms= racist
Cause your family is probably racist
White folks with farms= racist
Posted on 9/14/19 at 7:46 pm to braindeadboxer
Be sure to write into the lease some money in escrow to flip the land back to cane, clear the equipment, etc. They will prob want forgiveness/escrow return after a set period of time, like 20 years. Don’t let them do anything without it because if the company goes tits up you’ll be footing the bill to get the land back to use.
Posted on 9/14/19 at 7:58 pm to braindeadboxer
Tell em you’re a baw and demand a royalty
Posted on 9/14/19 at 9:37 pm to braindeadboxer
quote:
. Family has been approached by someone offering $600 an acre to lease the entire property to put a solar farm.
Someone is blowing smoke up someone elses arse or lying, as in we will pay this once then x thereafter.
Solar cant even pay for the hardware much less land rent at that rate.
Posted on 9/14/19 at 10:12 pm to braindeadboxer
How does the gov payment from cane compare to the gov payment for solar? I would not do solar on principle alone.
Posted on 9/14/19 at 10:48 pm to braindeadboxer
An escrow account if the solar farm bites the dust sounds highly advisable.
There is an article in Forbes magazine giving a heads up about the potential costs and liabilities of Solar panel disposal.
Cliff note's version: Turns out the "clean" energy panels are too toxic for landfills.
Forbes article
There is an article in Forbes magazine giving a heads up about the potential costs and liabilities of Solar panel disposal.
Cliff note's version: Turns out the "clean" energy panels are too toxic for landfills.
Forbes article
quote:
Researchers with the Electric Power Research Institute (EPRI) undertook a study for U.S. solar-owning utilities to plan for end-of-life and concluded that solar panel “disposal in “regular landfills [is] not recommended in case modules break and toxic materials leach into the soil” and so “disposal is potentially a major issue.”
Posted on 9/14/19 at 11:38 pm to braindeadboxer
Assuming the land has a transmission line on it if it's been identified as a site for a solar farm. I've seen tracts sell for $5,000 -$10,000/acre for solar farms. That's a wide range, but it's a start to see if their offer to lease makes sense. Run the numbers, and paying somebody involved with solar farms for their advice will be the best money you could spend.
Posted on 9/15/19 at 7:16 am to braindeadboxer
quote:
In 10 years if solar goes kaput, what’s the realistic chances of putting it back in ag use?
1. Solar isn’t going anywhere but up
2. You’ll still be tied into your local utility grid in case anything happens. That’s where all the electricity is stored because the batteries to hold that much power just aren’t there yet. You’re still storing your energy in the grid.
Posted on 9/15/19 at 12:00 pm to braindeadboxer
I and my sibling have about 200 acres in NELA, it generates enough to pay taxes, insurance on the grandparents' house and put a little back for rainy days by farming corn and wheat. The solar thing sounds good but solar seems a bit too risky.
What we're waiting for us for hemp to be legalized.
What we're waiting for us for hemp to be legalized.
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