Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Times of India
The Times of India
World
TOI World Desk

Illinois farmers are making up to $200,000 a year without growing more crops as solar companies offer long-term leases worth up to $2,000 per acre

Illinois farmers have long relied on corn and soybean harvests to generate income, but a growing number are now finding an equally profitable opportunity without planting additional crops. Renewable energy developers are offering long-term leases to build utility-scale solar farms, with payments reaching as much as $2,000 per acre each year. For landowners leasing around 100 acres, that could translate into annual earnings of up to $200,000, providing a reliable source of income that is largely unaffected by volatile crop prices, unpredictable weather or rising farming costs. As the clean energy transition accelerates across the United States, farmland in Illinois is increasingly serving a dual purpose by producing both electricity and financial security for rural communities.

Get breaking news anytime, anywhere. Download the TOI app now!

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.