TX land
I've been looking at this ad (below) on a website and running the numbers... it looks like with FCRP and turbines it should produce a minimum of 1.5m profit over 30 years. Is there something I'm missing? Also what exactly is "arrears"?
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Approx 1,100.00 acres
Asking Price 500,000
One and three quarter sections of flat, fertile farmland. Presently growing grass and enrolled in the Federal Conservation Reserve Program which pays the land owner $39,188 per year through 2015 for allowing the land to remain "idle". Buy and hold type property where the government direct deposits your payment once a year in arrears. 1/2 mile highway frontage on the west, and 1 mile of county gravel road frontage on the east. I am currently negotiating a wind lease for as many as 28 turbines. Lease suggests $1000/year/turbine minimum to $7000/year/turbine maximum.