Energy payments to farmers closely tracked oil prices from 2011 to 2020
- by Justin B. Winikoff and Karen Maguire
- 7/22/2024
Commercial energy payments can be a substantial source of income for farmers who host resources such as oil, natural gas, and wind on their land. The amount of the payments, which averaged $30,482 annually in 2020 dollars per farm, depends on farm size, market conditions, and location.