Wind Energy Is a Best Friend to Farmers in Their Tough Times
Throughout this central northern county in Kansas, wind turbine blades slowly slice the chilly air over winter-brown fields. The 67 wind generators of the Meridian Way Wind Farm straddle dozens of farms and ranches, following the contours of the land and the eddies of the wind above it. The generators are tall sufficient that driving by, their dimension is difficult to gauge.
Their impression on the encompassing landowners is much less onerous to measure. In an increasingly precarious time for the nation’s farmers and ranchers, some who stay within the nation’s wind belt have a new commodity to promote — entry to their wind. Wind turbine leases, usually 30 to 40-years lengthy, present the landowners with yearly earnings that, whereas small, helps make up for financial dips introduced by drought, floods, tariffs and the ever-fluctuating value of the crops and livestock they produce.
Every of the landowners whose fields both host generators or who’re close to sufficient to obtain a “good neighbor” cost, can earn someplace between $3,000 to $7,000 yearly for the small space — concerning the dimension of a two-car storage — every turbine takes up.
Cunningham’s lease funds have allowed him to repay his farm gear and different loans. The median revenue in Cloud County is about $44,000, in response to the 2018 U.S. Census. Rural areas throughout the US have lengthy skilled population declines, slow employment growth and higher poverty rates than city areas, in response to the U.S. Department of Agriculture.
Issues have been particularly troublesome lately. U.S. farm bankruptcy rates jumped 20% in 2019, to an eight-year high. Wisconsin noticed 48 Chapter 12 filings, or household farm bankruptcies, over the 12-month interval ending in September, the nation’s highest fee. Georgia, Nebraska and Kansas have been subsequent, every with 37 filings. Minnesota, California, Texas, Iowa, Pennsylvania and New York rounded out the highest 10 states for farm bankruptcies. An ongoing commerce battle between China and the U.S., brutally low costs for commodity crops and increasingly unpredictable climate patterns have all contributed.