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Economic Research

Wind Power: A New Cash Crop

Today, many farmers and ranchers across the nation and the world are turning to wind power as a source of supplemental income. See these site and articles for more information.

The Department of Energy's National Renewable Energy Laboratory has begun work with JEDI (Jobs and Economic Development Impacts), a new economic impact modeling software that helps communities, counties, and regions estimate the impacts wind energy can have on their local economy. ASU is currently one of the first recipients of this software and have found these results. The Impacts of wind energy are felt at a local and national level as wind is bringing new jobs, manufacturing, and keeping local energy dollars in the area. Location of Wind Turbine Manufacturers is a report on some of the latest developments on the impact of the wind industry on our economy.

• Economics of Small Wind
  An AWEA Factsheet on the cost and payback considerations of residential wind systems.

• The Cheap-talk Protocol and the Estimation of the Benefits of Wind Power
  The contingent valuation method (CVM) is used by ASU Energy Center Research to survey public value, and willingness to pay for, the perceived benefits of air quality improvements in Western NC Mountai

• Wind Energy and the Natural Gas Crisis
  AWEA article regarding the impacts of natural gas price increases on farmers and ranchers as they are forced to pay higher utility bills AND higher production costs.

• The New Cash Crop
  Electricity from the wind on the family farm. From the Department of Energy's Wind Powering America Program.

• The Net Benefits of Utility-scale Wind Generated Electricity in Western North Carolina
  The ASU Energy Center and Department of Economics report on wind power in WNC.

• State Markets for Small Wind
  Results from an Economic and Policy Analysis Tool by Berkley National Laboratory.

• Economic Impacts of Wind Power in Kittitas County
  An Evaluation of Potential Impacts Wind Power on Property Values,Tax Revenues, and the Local Economy.

• NWCC Economic Development Brief
  This particular brief by the National Wind Coordinating Committee includes a detailed list of publications available on a range of economic
  development topics.

• USDA Farm Bill Section 9006 fact sheet NC 2007
  New applications can be accepted beginning October 1, 2007. NC Contact: H. Rossie Bullock Business Programs Specialist 440C Caton Rd. P.O. Box 7426 Lumberton, NC 28359-7426 Phone: (910) 739-3349 ext. 4 Fax: (910) 618-9444 email: rossie.bullock@nc.usda.gov

• J.E.D.I. Research for Western North Carolina
  The National Renewable Energy Laboratory's Jobs and Economic Development Indicators summary results for wind development in Western North Carolina counties.