Sep
01
2006

Farming the wind in Iowa

Farming the Wind: photo by Dirk Ingo Franke.   licensed under Creative Commons Attribution ShareAlike 1.0
Farming the Wind: photo by Dirk Ingo Franke. licensed under Creative Commons Attribution ShareAlike 1.0

Is wind a good cash crop?

At the State Fair I observed as several farmers were researching whether a 1.5 million dollar wind turbine would make them money. The biggest factor was how much wind was available where they lived.The break even point was if they had better than 7.5 mph average wind speeds( see map pdf). Apparently several banks and also John Deere are financing projects if the numbers look good. Power companies will give a 20 year contract to buy electricity. The wind generators usally have a life expectancy of 25 years. Most farmers pay back the loan in ten years, then can reap profits of over $100,000 a year for the next 15 years. Sounds tempting, doesn't it?

An Iowa company hopes to build a $200 million wind farm.

Iowa Winds LLC hopes to build a 200- to 300-megawatt farm covering about 40,000 acres in Franklin County.

Company officials said the farm could be the nation's largest -- depending on the permits and the county's power grid infrastructure. If the county approves the project, construction would start next spring and take about a year, said Franklin County Supervisor Michael Nolte. LiveScience

Texas leads the nation with 2,370 megawatts of wind energy installed and California has 2,323 megawatts (American Wind Association). Iowa is in third place with 836 megawatts. Minnesota is fourth with 794 megawatts. The total United States capacity is about 10,000 megawatts. These numbers and rankings are changing. Wind energy output is growing by about 30 percent a year globally.

Want more? Go to the Minnesota Dept. of Commerce wind energy information web page.

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