A specialist with Farmers National Company says landowners should not rush a decision if approached by a company to use farmland for a project.
Chace Daley, the senior vice president of energy management, says there’s a growing interest in renewable energy with the tax breaks included in the Inflation Reduction Act and landowners should take time to find out as much as possible about the project.
“These projects, some of which, are structured in a way that’s suboptimal for landowners, meaning there’s not a lot of upfront cash for landowners and if you sign up for these transactions, there may be a lot of optionality and contingency.”
He says having an advocate to help navigate the process is also helpful and some projects will pay for a lawyer or advisor to weigh the pros and cons.
