Wind Energy and Farmland Values

This article by the Illinois Society of Professional Farm Managers and Rural Appraisers analyzes the impact on farmland values of wind and other renewable energy projects. Some empirical evidence is first provided from a sample of farmland sales with wind lease provisions and general comparisons to other sales made. Then, a set of important issues in evaluation wind lease payments is provided. Finally a simple stylized model is shown to help guide evaluation of wind lease payments that accompany a farm property.

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