Illinois farmers are making up to $200,000 a year without growing more crops as solar companies offer long-term leases worth up to $2,000 per acre
- Illinois farmers have long relied on corn and soybean harvests to generate income, but a growing number are now finding an equally profitable opportunity without planting additional crops.
- Renewable energy developers are offering long-term leases to build utility-scale solar farms, with payments reaching as much as $2,000 per acre each year.
- For landowners leasing around 100 acres, that could translate into annual earnings of up to $200,000, providing a reliable source of income that is largely unaffected by volatile crop prices, unpredictable weather or rising farming costs.
Unverified
- Illinois farmers have long relied on corn and soybean harvests to generate income, but a growing number are now finding an equally profitable opportunity without planting additional crops.
- Renewable energy developers are offering long-term leases to build utility-scale solar farms, with payments reaching as much as $2,000 per acre each year.
- For landowners leasing around 100 acres, that could translate into annual earnings of up to $200,000, providing a reliable source of income that is largely unaffected by volatile crop prices, unpredictable weather or rising farming costs.
Sources: Times of India