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#8 | |
Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Quote:
Well, the wind farm company wants to lease our farm for $1.00 (yes, one dollar) an acre for 100 years (yes, one hundred years). We said NO THANKS!!! I would love to have a few windmills on my farm, they bring in about $5,000-$8,000 per year (depending on how much elec they generate). BUT you might lease your land with them and then get a 5000 sq foot substation instead of a windmill (which pays NOTHING). You are giving up the surface rights to your property for 100 years - again, NO THANKS!!! We think they will change the lease at some point - it will be several years before the proposed wind farm is built. Some people put up the small windmills to generate personal electricity. What you don't use, the electric complany in Oklahoma HAS to buy back from you. Several people do that and we are considering doing that on our farm.
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