Advancing large-scale solar boosts farmland prices – TheDailyNewsOnline.com

Cloudy. Low 19F. Winds ESE at 5 to 10 mph..
Cloudy. Low 19F. Winds ESE at 5 to 10 mph.
Updated: December 27, 2025 @ 8:33 pm
Work continues in September on a solar farm on the east side of Route 98, Wednesday near Lockport Road in Elba. 
In a study published Oct. 6 in Land Economics, researchers found that after New York state passed legislation supporting large-scale community solar farms in 2015, the price of farmland within two miles of energy infrastructure rose 15% to 18% compared to parcels farther away, as the market reflected the potential of those lots for solar development. The increased prices could disincentivize the use of the lots for farming.

Work continues in September on a solar farm on the east side of Route 98, Wednesday near Lockport Road in Elba. 
In a study published Oct. 6 in Land Economics, researchers found that after New York state passed legislation supporting large-scale community solar farms in 2015, the price of farmland within two miles of energy infrastructure rose 15% to 18% compared to parcels farther away, as the market reflected the potential of those lots for solar development. The increased prices could disincentivize the use of the lots for farming.
A new Cornell study finds that the legislative support for solar projects in New York state has boosted the price of farmland, with positive and negative effects for various stakeholders.
In the study, published Oct. 6 in Land Economics, researchers find that after New York state passed legislation supporting large-scale community solar farms in 2015, the price of farmland within two miles of energy infrastructure rose 15% to 18% compared to parcels farther away, as the market reflected the potential of those lots for solar development. The increased prices could disincentivize the use of the lots for farming.
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