Has anyone on here sold their wind rights?
We have been approached by a few companies who want us to sign contracts selling permeant wind rights to the entire farm. The first offer was a joke at $4 per acre per year + percent of electricity sales. Now they are offering $65 per acre per year + % sales. They all want forever wind rights, not adjusted for inflation or re-negotiation.
Sources online show people getting between $50 & $200 per acre.
I feel like they all are trying to sign up permeant wind rights at lowball prices the turn around and sell them at $200 or future market rates. I think a 30 year contract should be sufficient time for them to recoup their investment then index acre payments for inflation.
We have 1,000 windy acres of farm land near large transmission lines. We still get to farm & rent land how we want, but they get to construct giant wind turbines where & when they want. They have to pay full price for the property the turbines sit on and access roads preventing farm production.
We have been approached by a few companies who want us to sign contracts selling permeant wind rights to the entire farm. The first offer was a joke at $4 per acre per year + percent of electricity sales. Now they are offering $65 per acre per year + % sales. They all want forever wind rights, not adjusted for inflation or re-negotiation.
Sources online show people getting between $50 & $200 per acre.
I feel like they all are trying to sign up permeant wind rights at lowball prices the turn around and sell them at $200 or future market rates. I think a 30 year contract should be sufficient time for them to recoup their investment then index acre payments for inflation.
We have 1,000 windy acres of farm land near large transmission lines. We still get to farm & rent land how we want, but they get to construct giant wind turbines where & when they want. They have to pay full price for the property the turbines sit on and access roads preventing farm production.