Whether you have vacant land hosting a single turbine or limited land space after installing a turbine, don’t let that land go to waste. Hosting a turbine is powerful.
Is Hosting a Wind Turbine Even Worth It?
Whether you have a big chunk of vacant land or you are a farmer, hosting a wind turbine is a significant commitment. However, the profits are often worth it. Per , you can earn $4,000 to $8,000 per turbine, and the larger turbines yield higher profit margins.
Most contracts offer a fixed annual rate, while some have a percentage of gross revenue. If you earn a percentage, access wind generation records and turbine productivity rates to ensure those profits are calculated accurately.
7 Brilliant Business Ideas for Vacant Land Hosting a Turbine
The uses very little land, and not much of your vacant lot is taken out of production. All you need is space for the footprint of the turbine’s tower and an access road, which is approximately a half-acre per turbine.
1. Lease the Space to Solar and Wind Companies
You are already utilizing your land for wind turbines, so why not rent the remaining land to a solar firm or offer other wind companies the opportunity to place wind turbines on your property?
Solar farms are renewable sources of energy that can be as big or as small as you want. If you have limited space, look for a small utility solar farm company that leases parcels as small as 20 acres.
2. Create a Campsite and Rent it Out
Is your land near an urban area or high-demand vacation area?
If so, you can turn part of your vacant land into a campsite open for rent.
Infrastructure is required when creating a campsite.
For starters, you must go through your state’s for sewage and electrical requirements. You might need to move gas lines and install access roads. Also, see if there are any permit requirements to build and rent out your land as a campsite because these rules vary depending on the state.
3. Embrace the Art of Farming Worms and Snails
When searching for business ideas for vacant land, the last thing on your mind is worms and snails. However, there is money in snail and worm farming — quite a bit of money.
Snail farms provide various materials and can sell to gardeners, feed companies, and herbal medicine manufacturers.
Even better, your little snail group requires little investment capital, it is eco-friendly, and the mortality rate for the little guys is quite small — so no need to worry about your investment dying off. All you need is a weighing scale, watering can, a trough, and a few gardening materials that you likely already have in your shed and you’re on your way to snail riches.
Worms are another good option. Earthworms are a big hit for gardeners and local farmers. Those small little squiggly worms increase crop productivity and boost natural compost. The more worms you produce in bulk, the more farmers you will have knocking at your door to buy. Even better, your worm farm can turn into a compost bed — so you not only improve crops elsewhere but limit what you put in landfills yourself.
4. Generate Cash in the Summer with a Premier Wedding Venue
If the idea of selling worms or filling your vacant land with solar panels is not ideal, you might be interested in wedding venues.
Brides are always looking for fun, hip (and did we mention cheap?) locations outdoors.
Rent your land for weddings and just include the land only. You can require couples to bring their party tents to save the hassle, or you can partner with a local tent company to offer an all-in-one package deal.
5. Setup a Designated Hunting Ground
Leasing hunting rights to your huntable land generates a significant revenue stream. Luckily, there are websites out there that let you list your private land and lease it for hunting without interfering with your turbines.
Naturally, you must consult your local department of wildlife and parks for all hunting lease requirements. Some states have leasing regulations in place while others allow landowners to lease out for hunting at their will.
6. Grow Mushrooms and Flex that Green Thumb
Whether you want to grow gourmet fungi for consumption or mushrooms for medicinal use, there is money in private mushroom farms.
Even better, the startup costs for your mushroom farm are quite minuscule once you consider the profits. A single up to 3600 pounds of oyster or shiitake mushrooms per year. Selling your produce at the retail price of $12 per pound or wholesale of $6 per pound could earn you a potential $30,000 in income for one crop.
7. Breeding Domestic Animals for Profit
Breeding domestic animals, whether it is cats, dogs, or prized sheep, could generate an outstanding amount of revenue.
Naturally, there are some laws and regulations for breeding any domestic animal, and the along with the Animal Welfare Act govern how breeding facilities are set up. Once you get the legal issues out of the way, you can start breeding and selling your pure breeds for a high profit.
Now that you know the myriad of business ideas for your vacant land, where will you go from here?
Depending on the acreage, you could diversify your business ideas and pick a few options from the list to increase passive income on your land. Consider growing mushrooms while offering snails and worms or award-winning breed dogs for hunting — and then lease your land to hunters.
Pairing up services with products is always a savvy way to maximize your return and get more income from your land.