You can get your personal feed line moved or burried, sometimes it is fairly cheap, sometimes it costs you a fair amount. Don't know until you ask the electric co you have.
It may be legal to build under if you have enough vertical height left (depends on local electric co and local inspector); but if your wife plans to board horses some of those horse people are real finiky & won't like the thought of it; and as others said rpainting or reroofing or even building the 1st time can be quite a hassle/danger your building supplier may not pprove or charge a lot extra.
How high are the poles, if you'd still have 20 feet of clearance, must be quite a hill there as any building worth it's salt is going to be 15 feet high at the peak, electric co never uses 40 foot high poles for a site feed???? Think maybe you aren't looking at that right?
Short answer is it's a local issue, won't know until you talk to both local govt and local power co, and in the end it's not a good idea anyhow.
Assuming you will be rewiring some to the building anyhow, might be a good time to get the poles moved or your main feed put in underground, some electric cos are very receptive to this if you are doing construction that will increase the monthly bill you will recieve from them....
When I upgraded from 60 amp service to 200 amp, they said overhead lines are free, underground is 50 cents a foot cost figuring I'd use more electricity and they would recoup over the years - that was a steal, I went underground for 750 feet. Don't know until you ask.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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