Pete Ferrell

You know, and so that's how those kind of things get going. And now that it's done, a lot of the people that were concerned about it are kind of like slapping their foreheads and saying, well, what was all the fuss? You know, you're right, you know. Cause it has, it has not.

Well, the Kansas legislature gave property tax abatement back in the 70s that they were envisioning that renewable energy would happen here. So the wind farms don't pay property tax anymore. Now, they do pay something known as a pilot, let's see, payment in lieu of taxes as part of their agreement when they get a county permit, because they know they are going to have to provide, you know, fire.

Well, the Kansas legislature gave property tax abatement back in the 70s that they were envisioning that renewable energy would happen here. So the wind farms don't pay property tax anymore. Now, they do pay something known as a pilot, let's see, payment in lieu of taxes as part of their agreement when they get a county permit, because they know they are going to have to provide, you know, fire.

Well, the Kansas legislature gave property tax abatement back in the 70s that they were envisioning that renewable energy would happen here. So the wind farms don't pay property tax anymore. Now, they do pay something known as a pilot, let's see, payment in lieu of taxes as part of their agreement when they get a county permit, because they know they are going to have to provide, you know, fire.

They're going to have to provide EMS services. They're going to have to. In fact, the roads may need extra maintenance. And so most developers voluntarily pay extra into the county coffers because of the extra cost to the county of the wind farm. That's what happened here, and that's what happened throughout Kansas.

They're going to have to provide EMS services. They're going to have to. In fact, the roads may need extra maintenance. And so most developers voluntarily pay extra into the county coffers because of the extra cost to the county of the wind farm. That's what happened here, and that's what happened throughout Kansas.

They're going to have to provide EMS services. They're going to have to. In fact, the roads may need extra maintenance. And so most developers voluntarily pay extra into the county coffers because of the extra cost to the county of the wind farm. That's what happened here, and that's what happened throughout Kansas.

Now, I don't know if they abated the property tax in Iowa, but by the way, they do pay. They don't pay for the machines. They don't pay property tax on the machines, but the ranch… Where the wind farm exists did change from agricultural to commercial property, and they do pay tax there.

Now, I don't know if they abated the property tax in Iowa, but by the way, they do pay. They don't pay for the machines. They don't pay property tax on the machines, but the ranch… Where the wind farm exists did change from agricultural to commercial property, and they do pay tax there.

Now, I don't know if they abated the property tax in Iowa, but by the way, they do pay. They don't pay for the machines. They don't pay property tax on the machines, but the ranch… Where the wind farm exists did change from agricultural to commercial property, and they do pay tax there.

So there is some tax money going to the county, but they upped the ante big there because, well, they wanted the county's support, and they got it.

So there is some tax money going to the county, but they upped the ante big there because, well, they wanted the county's support, and they got it.

So there is some tax money going to the county, but they upped the ante big there because, well, they wanted the county's support, and they got it.

Great question. I'm actually not going to talk about my lease because we were so early in the game, nothing was standardized at that point in time. So I've got kind of a one-off agreement that's a unicorn. But when I started working in western Kansas, there was a standardization process, and I should have written it down, Tanner, but the first thing that will happen is there will be typically –

Great question. I'm actually not going to talk about my lease because we were so early in the game, nothing was standardized at that point in time. So I've got kind of a one-off agreement that's a unicorn. But when I started working in western Kansas, there was a standardization process, and I should have written it down, Tanner, but the first thing that will happen is there will be typically –

Great question. I'm actually not going to talk about my lease because we were so early in the game, nothing was standardized at that point in time. So I've got kind of a one-off agreement that's a unicorn. But when I started working in western Kansas, there was a standardization process, and I should have written it down, Tanner, but the first thing that will happen is there will be typically –

three levels of payment, and it'll be the greater of. So when a developer approaches a farmer or rancher, he has no idea where those turbines are going to go. So the first thing you'll probably be offered is if you sign up, you'll get X amount per acre no matter what, okay? Then the next thing will be there will be a – A nameplate turbine size that may or may not come on your land.

three levels of payment, and it'll be the greater of. So when a developer approaches a farmer or rancher, he has no idea where those turbines are going to go. So the first thing you'll probably be offered is if you sign up, you'll get X amount per acre no matter what, okay? Then the next thing will be there will be a – A nameplate turbine size that may or may not come on your land.

three levels of payment, and it'll be the greater of. So when a developer approaches a farmer or rancher, he has no idea where those turbines are going to go. So the first thing you'll probably be offered is if you sign up, you'll get X amount per acre no matter what, okay? Then the next thing will be there will be a – A nameplate turbine size that may or may not come on your land.

And in my case, it's a 1.5. They're going to offer a base rate regardless of what that turbine generates based on that nameplate size. And then the top level will be, okay, just like with oil, it's going to be production times price. So you'll be offered a royalty.