by Ted Walsh
Reprinted from Acres- The Voice of Eco-Agriculture: April 2015 - Vol. 45,No.4
What’s the best specialty cash crop for farmers right now? Nuts? Citrus?
The answer could be solar energy. Agricultural companies are generating $60,000 to $85,000 per acre per year from solar power. This ‘solar profit’ is the cost avoided in their utility bills, inclusive of the cost of operations and maintenance. That’s as high as pretty much any other legal crop right now outside of grapes grown for high-end California wines.
Recently our firm worked with a large agricultural company in California that had 5 acres of cropland located near one of their processing facilities. They were leasing the land to another grower for strawberry production (one of the highest value-per-acre crops grown in California), but the lease was providing him with limited revenue of approximately