There are 2000 acres being built around me right now. They are paying $700 per acre per year for 25 years(with an option for 25 more) with an annual increase of 2%. In year 15 they are required to set up a bond for the estimated cost of removal or install new equipment which means they will go into the second 25 year term. These projects are being bought by the local power companies as they are closing several coal plants and the city people in Madison have said they will pay extra for green energy.I have never heard of an electric company filing bankruptcy so it should be a reasonably safe income. Much better than corn or beans. It is good land but with current prices we must have to much of that? At the end of the term they have to remove everything less than 4ft deep from the property so it should be able to back to ag. Tom
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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