Why More Cattle Producers Are Turning to Solar Leases to Supplement Income

Solar leasing continues to be a popular industry topic, providing alternative income opportunities (reported $500-1,000/acre) to cattle producers. Growth in solar leases is expected to continue to grow, backed by insights from a Purdue University study in which 6% of respondents noted they (or a landlord) have discussed the possibility of solar leasing on their farm. Of the same study, 4% responded they already had secured a contract. Aside from the revenue potential, producers have noted the minimal maintenance and possibility of using the land for livestock grazing and vegetation through a practice called “agrivoltaics” as enticing factors. Projections from the National Renewable Energy Lab (NREL) indicate as many as 3 million acres could be under contract by 2030. See what key points experts recommend considering to help make an educated decision.