Pete Ferrell

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.

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.

And all those three, those three levels of payment will be baked in, and it will typically say you get the greater of these in your lease payment. So that's kind of, I've described the general, and this is from what I've seen both consulting other farmers and ranchers. This is what we offered in Western Kansas in the project I worked on out there. was three levels and you get the greater up.

And all those three, those three levels of payment will be baked in, and it will typically say you get the greater of these in your lease payment. So that's kind of, I've described the general, and this is from what I've seen both consulting other farmers and ranchers. This is what we offered in Western Kansas in the project I worked on out there. was three levels and you get the greater up.

And all those three, those three levels of payment will be baked in, and it will typically say you get the greater of these in your lease payment. So that's kind of, I've described the general, and this is from what I've seen both consulting other farmers and ranchers. This is what we offered in Western Kansas in the project I worked on out there. was three levels and you get the greater up.

Great question. And, you know, I was talking about this incredible investment. I knew going in that this developer who leases the Farrell Ranch, I knew that the turbines had a 20 year lifespan. It had a 20 year warranty, literally. And so that's coming up. And I also knew that their power purchase agreement was going to expire in 20 years.

Great question. And, you know, I was talking about this incredible investment. I knew going in that this developer who leases the Farrell Ranch, I knew that the turbines had a 20 year lifespan. It had a 20 year warranty, literally. And so that's coming up. And I also knew that their power purchase agreement was going to expire in 20 years.

Great question. And, you know, I was talking about this incredible investment. I knew going in that this developer who leases the Farrell Ranch, I knew that the turbines had a 20 year lifespan. It had a 20 year warranty, literally. And so that's coming up. And I also knew that their power purchase agreement was going to expire in 20 years.

The great thing about wind and the reason that the developers, the utilities like it is there is no question about the price. There is a question about how many kilowatt hours are going to come in, but they love knowing a fixed price. Imagine this, if we can get a fixed price for 20 years, well, utilities really like wind power for that reason. So all of that is coming to an end.

The great thing about wind and the reason that the developers, the utilities like it is there is no question about the price. There is a question about how many kilowatt hours are going to come in, but they love knowing a fixed price. Imagine this, if we can get a fixed price for 20 years, well, utilities really like wind power for that reason. So all of that is coming to an end.

The great thing about wind and the reason that the developers, the utilities like it is there is no question about the price. There is a question about how many kilowatt hours are going to come in, but they love knowing a fixed price. Imagine this, if we can get a fixed price for 20 years, well, utilities really like wind power for that reason. So all of that is coming to an end.

And to answer your question, I've already been approached about extending this agreement because in order for them to go on, they've either got to keep these machines going. And Tanner, I'm going to back up just a moment. Do you remember I said that that first company walked away in 98? Well, one of the reasons they walked away was the inefficiency of the machines at that time.

And to answer your question, I've already been approached about extending this agreement because in order for them to go on, they've either got to keep these machines going. And Tanner, I'm going to back up just a moment. Do you remember I said that that first company walked away in 98? Well, one of the reasons they walked away was the inefficiency of the machines at that time.

And to answer your question, I've already been approached about extending this agreement because in order for them to go on, they've either got to keep these machines going. And Tanner, I'm going to back up just a moment. Do you remember I said that that first company walked away in 98? Well, one of the reasons they walked away was the inefficiency of the machines at that time.

And the efficiency of the machines keeps getting better, just like everything in our world having to do with electronics. I mean, think about what you're doing with your GPS-controlled tractors now that you couldn't do 20 years ago. Well, that evolution of electronics has occurred in turbine technology. And so each generation of turbine is getting more and more efficient.

And the efficiency of the machines keeps getting better, just like everything in our world having to do with electronics. I mean, think about what you're doing with your GPS-controlled tractors now that you couldn't do 20 years ago. Well, that evolution of electronics has occurred in turbine technology. And so each generation of turbine is getting more and more efficient.

And the efficiency of the machines keeps getting better, just like everything in our world having to do with electronics. I mean, think about what you're doing with your GPS-controlled tractors now that you couldn't do 20 years ago. Well, that evolution of electronics has occurred in turbine technology. And so each generation of turbine is getting more and more efficient.

You know, wheat farmers in Kansas... They want to extract from horizontal acres. A wind farmer is interested in vertical acres. And so the bigger the wingspan, the propeller span that they have, the more energy they can collect. And so...

You know, wheat farmers in Kansas... They want to extract from horizontal acres. A wind farmer is interested in vertical acres. And so the bigger the wingspan, the propeller span that they have, the more energy they can collect. And so...

You know, wheat farmers in Kansas... They want to extract from horizontal acres. A wind farmer is interested in vertical acres. And so the bigger the wingspan, the propeller span that they have, the more energy they can collect. And so...