Should I buy Aston Martin shares today?

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. After turning positive on Aston Martin (LSE: AML) shares recently, I’ve been taking a closer look at the company. Following the firm’s cash call and restructuring, I reckon the group’s long-term outlook has improved substantially.And as one of the most respected luxury car brands in the world, I believe customers will be willing to support the business through its turnaround. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Aston Martin shares on offer Aston Martin has made some significant changes over the past year or so. A new management team has been bought in, the balance sheet has been strengthened, and costs have been rationalised. Before these changes, it was clear the group was in trouble. Aston was producing far too many cars. It had overestimated demand and had new cars sitting at dealerships, waiting to be sold.Having too many vehicles gave the firm two problems. It diluted the brand and meant costs were too high. For example, there’s no point operating a factory that can produce 1,000 cars a year when customers will only buy 800. One of the first things the new management did was to get rid of excess inventory. Then they reduced output (and costs) to match demand. Now the company only makes a vehicle if the demand is there. After rationalising the business, the new management raised a chunk of cash to strengthen the balance sheet. The fundraising weighed on Aston Martin shares, but it now means the corporation is “funded forever” according to management. So, that’s the balance sheet and cost base sorted out. The next challenge is producing new vehicles. Aston has a selection planned. From its long-awaited DBX SUV to the Valkarie hypercar, the firm has plenty for its fans to look out for in the next few years. Growth aheadAll of the above suggests to me that Aston Martin shares have a bright future. The company seems to have put the worst of its problems behind it. All it now has to do is prove that it’s heading in the right direction. The next few months will be critical for the business. If the carmaker can keep costs low and attract new customers, then 2021 could be the year Aston Martin shares make a strong comeback. With that being the case, I’m going to keep a close eye on the enterprise. If sales rise, and costs remain under control, I might buy Aston Martin shares for my portfolio. The business would only need to return to profit to prove that it has put the worst of its problems behind it. From there, the group needs to focus on doing what it does best, manufacturing high-quality luxury cars. If it can do that, customers should come flooding back. Investors may reap enormous benefits as a result.  Should I buy Aston Martin shares today? I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Rupert Hargreaves Enter Your Email Addresscenter_img “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves | Saturday, 21st November, 2020 | More on: AML I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this.last_img read more

Muslim student sues hospital after being punched by a patient while in the emergency room

first_imgWXYZ(DEARBORN, Mich.) — A Muslim college student in a headscarf claimed a Michigan hospital failed to protect her from getting physically assaulted by a patient.In a civil complaint filed in a Dearborn, Michigan, circuit court, a 19-year-old student — who is identified as “a practicing Muslim” and wears a headscarf, or hijab — was dropped off by her mother at the Beaumont Hospital-Dearborn around 3:30 a.m. on Feb. 10 to receive treatment for a broken jaw after slipping and falling on ice.A teen can be seen in released surveillance video footage, pacing up to the receptionist’s desk in the lobby of the Beaumont Hospital-Dearborn Emergency Room. She can be seen beginning the registration process with the receptionist while standing on a black mat as a uniformed Beaumont security guard appears to be speaking to someone out of the frame.Eventually, a shaggy-haired man in a green jacket with a plaid scarf around his neck, according to the footage, sneaked up from behind the teen. He drew his fist and began repeatedly punching her, knocking her to the floor. The receptionist ran from around her desk to pull the victim away as the security guard had the attacker pinned and three other hospital staffers poured out from a door in the foreground to intervene.The attacker has been identified by Dearborn Police and the civil complaint as 50-year-old John Deliz.ABC News has attemped to reach out to Deliz for comment.The civil complaint suggested that Deliz struck the victim on the side of her head one time “without any warning” and that he continued with “several more punches to her head” before he was pinned to the ground by a hospital security guard.Deliz, according to the complaint, attacked the Muslim woman “for no other reason but because she was a Muslim!”Majed Moughni, the attorney representing the victim told ABC station WXYZ that Deliz was turned away for care by the hospital and was already posing as a threat.“He wanted mental care, he didn’t get it,” Moughni said of Deliz, and added that he was discharged. “They knew he was a danger yet instead of removing him, removing this danger, they allow him to stay and they allowed him literally to attack my client.”The responding cops, according to the police report, stated that the Muslim victim wasn’t the only victim of Deliz.Before he allegedly targeted the Muslim patient, Deliz, the police report stated, was discharged from the hospital but decided to remain on the premises allegedly “wandering down the adjacent hallways” and accosting “other patients, asking for cigarettes.”The cops, in the report, noticed the victim was “visibly shaken” and that she “had no idea who Deliz was.”Beaumont Dearborn Hospital in a statement acknowledged that on Feb. 10, one of its patients “became physically aggressive with another patient in the waiting room.”The hospital also defended its security measures on the morning of the incident.“Beaumont security personnel responded immediately and took action to protect the patient and others in the emergency room” before police were called, the statement added.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Spike in child abuse cases as schools sound alarm

first_imgDom Post 2 Feb 2013More than 150,000 cases of child abuse were reported last year and it’s schools that are increasingly raising the alarm. Principals said the spike in abuse and neglect had resulted in increased skin diseases such as scabies, and aggressive and violent children in the classroom. Social workers in schools are heavily relied on and at Cannons Creek Primary School the public health nurse is busier than ever. Principal Ruth O’Neill said children living in poverty and neglect had led to a rise in skin problems.Last year 9447 notifications were made by teachers and social workers in schools out of a total 152,800 notifications to CYF. More than 61,000 of those required follow-up. Overall notifications increased by 1 per cent from 2011 but those that came from schools were up by 1332. At Masterton’s Lakeview School, it’s aggressive, violent and angry children that principal Ed Hodgkinson worries about most. “These children see it and live with it and often bring it to school.” Two families a year used to be normal for Waitara Central Primary School principal Sharren Read to refer to CYF. “In the last 18 months it’s been more like two or three a term.”http://www.stuff.co.nz/dominion-post/news/8253779/Spike-in-child-abuse-cases-as-schools-sound-alarmlast_img read more

Iwobi’s Everton tackle Saints

first_imgRelatedPosts Super Eagles stars model new national team jersey Everton invite offers for Iwobi, others Iwobi injured, out for two weeks Southampton vs. Everton Venue: St. Mary’s Stadium Kick off: 4PM Two teams in desperate need of a Premier League victory face off this afternoon when Southampton welcome fellow strugglers Everton to St Mary’s. Both sides sit in the bottom four of the table after 11 games, with the Saints in the relegation zone and Everton three points but only one place better off than their weekend hosts. The Canaries are perhaps the only one of the quartet that most fans would have expected to see in and around the danger zone at this stage of the campaign, although consecutive finishes of 17th and 16th for Southampton in the last two seasons suggested that they might be up against themselves too. Certainly, Ralph Hasenhuttl’s side can have no complaints at sitting in the bottom three at the moment, having picked up only one point from their last six league outings – including the already-infamous 9-0 humiliation at home to Leicester City. There was a marked improvement last weekend as Southampton came within four minutes of taking points off champions Manchester City at the Etihad, but Saturday’s game is their first at home since the Leicester debacle and the St Mary’s crowd will be demanding another response. Southampton’s home stats do not exactly inspire confidence, though; they have picked up only one point in front of their own fans this season and could become only the second team in Premier League history to amass one point or fewer from their first six home games of a campaign, while they have already conceded 19 goals on home turf. It is unsurprising that Hasenhuttl’s future has come under scrutiny, then, and should they fall to a fourth successive home league defeat – a fate which has never befallen them at St Mary’s and last did so more than 21 years ago at The Dell – then the Austrian could find himself living on borrowed time. Marco Silva will sympathise with his opposite number having seen his own future called into question on numerous occasions already this season, although there is no doubt that the Toffees have underperformed so far following a significant summer outlay on transfers. Everton begin the weekend 17th in the standings having been tipped to push for the top six back in August, largely due to a run of five defeats and just one win from their last seven Premier League games. Last weekend’s stoppage-time equaliser against Tottenham Hotspur was overshadowed by the sickening injury suffered by Andre Gomes earlier in the match, but it could prove to be a valuable point and at least keeps them safe from dropping into the relegation zone this weekend – barring a six-goal Southampton win. Silva will also no doubt be stressing that a couple of positive results could completely change the outlook of their season – the Toffees may only be one place above the bottom three, but in terms of points they are actually closer to the top half than they are to Saturday’s opponents. Back-to-back wins could make a huge difference to the table, then, and Everton must be viewing this game and their first match after the international break – against 19th-placed Norwich – as a golden chance to get those, particularly with Leicester City, Liverpool, Chelsea, Manchester United and Arsenal to come in succession after that – a devilishly difficult run-up to Christmas. The main issue for Silva to solve is Everton’s away form; they have lost their last four top-flight games on the road and have picked up just one point on their travels this term – that coming on the opening day of the season. Indeed, this contest pits the worst home record in the league against the joint-worst away record, so it could be that the head-to-head record between the two sides offers most clues about which way this one will go. In that respect, Southampton will feel confident. The Saints have won five of their last six Premier League home games against Everton, while 11 of their 12 victories over the Toffees in this competition have come in front of their own fans. Either way, one poor record is likely to end this weekend, with victory providing a potentially priceless lifeline for one manager and a potentially fatal nail in the coffin for the other.Southampton possible XI: McCarthy, Bednarek, Stephens, Vestergaard, Valery, Ward-Prowse, Romeu, Hojbjerg, Cedric, Ings, Redmond. Everton possible XI: Pickford, Sidibe, Mina, Holgate, Digne, Schneiderlin, Davies, Walcott, Sigurdsson, Iwobi, Richarlison.Tags: alex iwobilast_img read more

Mobile Morgues Arrive in South Florida to House the COVID-19 Dead

first_imgApparently the coolers are on standby to serve as mobile morgues in case of an overflow of bodies infected with COVID-19 in the coming weeks.“if you look at the case total and what’s going on throughout the state, we continue to see the bulk of the cases in the three southeastern Florida counties,” said Florida Gov. Ron DeSantis. “They represent about 60 percent of the total cases (and) more than 60 percent of the hospitalizations.” The projected peak of coronavirus cases in Florida is still several weeks away, but the death toll continues to rise. As the county morgues fill to capacity, mobile morgues are starting to show up.Sky 10 cameras captured two refrigerated trucks arriving to the Miami-Dade medical examiner’s office Tuesday.last_img read more

Teenage internationals plan US college careers

first_img Four of England’s leading young golfers will be heading to the USA this summer to take up places at American universities.The teenage internationals who will continue their studies while developing their golf are: Eloise Healey of Lancashire (pictured top), Matty Lamb of Northumberland, Jamie Li of Somerset and Rhys Nevin-Wharton of CheshireDerek Hughes, the England Golf boys’ manager, commented: “I am so pleased to see that these players will be continuing in higher education as well as progressing their golf. I know they are looking forward to following the footsteps of the many England Golf players who have been successful in college golf.”Among those they follow are world number four Bronte Law (Bramhall), a student and four-time winner at UCLA. Internationals Meghan MacLaren (Wellingborough/Florida International) and Tomasz Anderson (Brocket Hall/Jacksonville State), who is now a professional, both have seven college wins; while Ben Taylor (Walton Heath) holed the winning putt to seal Louisiana State’s victory in last year’s NCAA Championship.Here, the teenagers talk about their reasons for studying in the USA:Eloise Healey, 18, of West Lancashire Golf Club was in the 2015 England team which won the girls’ Home Internationals for the eighth successive time. She will take up a place at the University of Wisconsin in Madison.She said: “It is a great opportunity to continue to develop my golf and compete at a high level, especially during the winter months. Having seen many older players go down this route, it’s always been something that I’ve wanted to do. I hope to rise to the challenge of college tournaments and achieve successful results as well as experience from competing on a variety of courses.“Academically, I’m aiming for a degree in maths or physics and I think that university in the USA will provide the support to help me to balance this alongside my golf.“I’m extremely grateful for all the support I’ve received from England Golf which has helped to develop my game and contributed towards me gaining this scholarship. I’m really looking forward to representing my university and country over the next few years alongside a great team, as well as gaining life experiences and independence.”Matty Lamb, 17, of Hexham Golf Club secured a string of high finishes in 2015 events, including fourth place in the Peter McEvoy Trophy. He has signed for the University of North Carolina at Charlotte.“College golf will give me access to world class golfing facilities and courses and the opportunity to play against some of the best amateur and college players in the world – week in, week out. Golf is generally an individual sport but I’m looking forward to the team aspects of college golf and at the end of the four years I hope I’ll be ready to be a professional golfer.“My mentor and coach is Andy Paisley whose brother, Chris, played college golf and is now on the European Tour – and has retained his card three out of the last four years.  I’ve spent a lot of time with Chris and have been inspired by him – particularly by his work ethic and how he handles himself on tour.  If I can work as hard as Chris I could be playing against him in future years!“College will also provide me with the opportunity to gain a valuable academic qualification.  I haven’t chosen a major yet – but it will be something to complement my aspirations as a golfer.”Jamie Li, 18, of Bath Golf Club won the 2015 Telegraph BMW Junior Championship. He is joining Florida State University.“I finished my A Levels in August 2015 but decided to take a year off before returning to education, which was definitely the best decision for me. It has allowed me to concentrate on some specific areas with my coach, Ben Lloyd at Cumberwell Park, and mature as both an individual and a golfer.“I was lucky enough to be selected by England Golf, along with Matty, to play in the Junior Players tournament at TPC Sawgrass in 2014. It was a fantastic tournament which was also attended by lots of the college golf coaches and I kept in contact with some as I felt it was important to keep my options open. At that stage I hadn’t really decided whether university in America was for me.“As I approached the end of my A Levels I began to consider the American route and went out to visit two universities in Florida. The coaches at Florida State, Trey Jones and Robert Duck, are fantastic and the facilities and support you get are unbelievable, so for me it wasn’t a difficult decision. I will get to play golf against the greatest young players from all over the world and continue my education and get a degree at the same time.“Harry Ellis* is at Florida State so I have been in contact with him and it’s great to hear how it has been a success for him. I’m really looking forward to joining the squad in August.”*Harry Ellis of Meon Valley in Hampshire became the youngest-ever English amateur champion when he won the title as a 16-year-old in 2012.Rhys Nevin-Wharton, of Sandiway Golf Club, celebrates his 18th birthday this week. He had a series of high finishes in 2015 including third place in the Sir Henry Cooper Junior Masters. He is going to the University of Tennessee.“I have decided to go to the US because of the opportunity to progress my golf game and play high-level competitive golf all year round. Also I can gain experience from playing on the different grasses and different conditions over there.“It is also important to me to get a degree so that I have a back-up for my golf career. I’m hoping to win multiple events over there, and I’d like to make an “All American” team.“I was influenced by the number of PGA Tour players that attended US universities and also by older England boy players who have gone over there and been successful.”Image © Leaderboard Photography 21 Jan 2016 Teenage internationals plan US college careers last_img read more

Halloween Hackathon at Bell Works

first_imgPhotos by Cheryl Auditor | On Saturday, October 27, iCIMS, a global provider of talent acquisitions solutions, hosted its first Halloween Hackathon at its headquarters located in the historic Bell Works building in Holmdel. Beginning at 7 a.m., the event brought in more than 500 attendees consisting of local technology high school and college students and professionals for hacking and 11 workshops with professionals from Amazon Web Services and other tech leaders. In alignment with Hacktoberfest – an annual month-long celebration of open-source software – the Hackathon incorporated computer-programming and problem-solving challenges, educational workshops for students and professionals alike and thought leadership from industry innovators.The event ended at 11 p.m., with more than 50 submissions and 14 winners. The overall first place winning group was a team of three graduate students from Stevens Institute of Technology. They took home a cash prize of $3,000 for using Google Cloud AutoML to build an “Eye Health Predictor” which uses images from your camera to identify potential risk for eye disease. Other prize categories included Best 1st-time Hackers, Most Innovative Hack, Best Use of Artificial Intelligence, Most Potential for a Startup, Best Halloween Hack and more.last_img read more

Truck wash by donation to support Silverberry fire victim

first_imgThe Canadian Grind has also joined in on the fundraising, and all proceeds from sales at the remote location will be donated. The car wash by donation will be held from 10 a.m. to 4 p.m. at 9303 85th Avenue, with all vehicles from cars to big rigs welcome. Gift cards for his family and items for the silent auction are also being accepted by contacting Lindsay Christian or Conda at Troyer Ventures at 250-785-5332. Robertson’s vacuum truck caught fire while unloading oilfield waste at the site near Mile 73 in the evening of September 10, and he was airlifted by B.C. Ambulance to hospital in Vancouver later that night. Nathan Troyer says the company wants to do whatever it can to help him in his recovery.“He’s new to town,” he explains. “He moved here for this job and he’d been on the job about two weeks. They put a lot of money into getting here and we’re just doing our part to help him out.”He’s reportedly healing well and in stable condition at the Vancouver General Hospital’s burn ward.- Advertisement -One of the items up for bid at the silent auction is a ride around town in a Fort St. John Fire Department ladder truck. Captain Brent Morgan explains that the fire department supports the burn fund and its victims as much as it can.“When this does happen we really try to kick it into high gear and make sure that we support the family in any way that we possibly can.”Advertisementlast_img read more

Understanding important solar lease terms

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Evin Bachelor, Law Fellow, Ohio State University Extension Agricultural & Resource Law ProgramWith all the rain and delayed planting that Ohio farmers have experienced this spring, signing a solar lease has been a very appealing prospect for many farmland owners. While this may be the right decision for a farm, it is very important that the farmland owner understand exactly what he or she is signing. Once an energy developer offers to pay you to enter into an agreement, and you sign that agreement, its terms will be legally binding.We wanted to highlight some of the important provisions of a solar lease that you as a farmland owner should look for in your solar lease, and understand what they mean. A good solar lease will be very thorough, and include a lot of legalese. It would be a wise decision to consult with an attorney to ensure that your understanding of your solar lease reflects what the documents say.For now, here are a few provisions to be on the lookout for in your solar lease. The termHow long does this lease last? Most solar leases last for 20 to 30 years. This is the time during which solar energy is being collected and sold. Solar energy developers like this multi-decade duration because it allows them to use of the solar panels for their expected productive lifespan.Thirty years is a long time. Many careers are retirement-eligible after that period, and many farms will transition to the next generation in that amount of time. This long of a term is not necessarily a bad thing. It just means that a farmland owner should look back and look ahead. Think back 30 years to 1989. What all has changed on your farm? What would it have looked like to not be able to use this ground for the past 30 years? Now look ahead. What do you expect your needs and those of your family to look like when this lease ends in 2049? Only you can determine if not being able to use your land for that long is a good thing. PhasesHow is this lease broken up? We just explained that most solar leases will last for 20 to 30 years, but that clock usually starts ticking once construction has started on the project. Solar energy developers will often reserve a year or two during which they can conduct their final feasibility studies and obtain necessary permits. Some leases structure this pre-construction phase as merely an option phase, meaning that the energy developer will pay a small amount of rent to keep its option alive for that one or two-year period, but it does not necessarily have to commence construction.Further, toward the end of the term, the energy developer may have written in an option to renew for another 5 or 10 years. These renewals are often structured as a right that the energy developer may exercise merely by giving notice to the landowner. Additionally, in the middle, if there is a natural disaster that puts the operation out of service for any period of time, a solar lease may stop the clock from ticking until the project is operational again and solar energy is being collected.The important take-away for the phases is being able to know when each phase begins and ends. When all of the different phases are combined, instead of just a 30-year lease, you could be looking at a 42-year agreement. The only way to know how long it could last is to thoroughly read the entire lease. A description of the premisesEvery solar lease will contain a description of the premises. If an entire parcel is being leased, then this part is fairly easy. However, if only a portion of the parcel is being lease, the farmland owner will want to make sure that the lease provides an adequate description so that the leased portion can be easily determined on the ground. Often, this will include a survey and maps. Knowing the boundaries is important because these leases are often exclusive, such that the farmland owner has little or no use or access of the leased land throughout the term. EasementsWhat rights are being granted to the solar energy developer? Solar leases include a series of easements that give the solar energy developer the right to use your land. Some of the common easements include a:Construction easement: a right to cross over portions of the farmland owner’s property in order to construct the solar facilityAccess easement: a right to cross over portions of the farmland owner’s property to reach the solar facilityTransmission easement: a right to install power lines, poles, and other equipment to transmit the energy produced by the solar panels to the gridSolar easement: a right to unobstructed access to the sun without interference from structures or other improvementsCatch-all easement: a general right to do whatever is necessary for the benefit of the projectSolar energy developers want their easements to be as broad and generous as possible in order to maximize their flexibility with the project. This is not always to the advantage of the farmland owner. If the lease is general enough to allow the solar energy developer to sub-lease to another entity such as a telecommunications company, the landowner will have a difficult time preventing the solar energy developer from doing so. The farmland owner wants to make sure that the easements being granted are specific enough to not result in any surprises. Landowner obligations and rightsWhat does the lease require of you as the farmland owner? Usually private solar energy developers include a non-interference provision, a quiet enjoyment provision, and an exclusivity provision. All combined, these provisions are a promise by the farmland owner to not enter the solar facilities without prior permission, not interfere with the solar facilities, and not allow anyone else to do so for the duration of the term.Further, solar leases often include a confidentiality provision that courts will enforce as legally binding. These provisions allow the solar energy developer to control the flow of its proprietary information, and also prevent landowners from talking with one another about topics such as rent rates. It is important to understand:What information is protectedIf there are any exceptionsWhen consent might be grantedIf specific penalties applyHow long confidentiality lastsThe solar lease may also include a provision about farmland owner improvements. These explain if and when the landowner needs to obtain prior approval of the solar energy developer in order to build a structure or plant something that may interfere with the solar project. Property maintenanceWho is going to mow? Ohio landowners have a legal duty to cut noxious weeds, and a well-drafted lease will cover which party to the lease bears responsibility for keeping the leased land clear. Usually, the solar energy developer will take this responsibility, but it helps to have this in writing. Cleanup termsCleanup involves a lot of questions. Does the solar lease require the solar energy developer to restore the land to its previous state? If so, how is this measured? Will all stakes and foundations be removed? Will all improvements, like roadways, be removed? How will the solar energy developer guarantee that it will be able to pay for this cleanup in 30 years? Does it post a security, and if so, when? A thorough lease will answer these questions. Tax and conservation penaltiesTax and conservation also involves a lot of questions because constructing and operating a solar facility will make the property ineligible for the full benefits of CAUV and most conservation programs. Does the lease require the solar energy developer to cover real estate taxes? Does the lease require the solar energy developer to cover the three-year lookback penalty for removing land from CAUV? What will the solar energy developer do toward the end of the lease so that the land can be put back into production and made CAUV eligible again? Similar questions must be asked for conservation programs. CompensationIt’s not that we saved the fun and best part for last. We just wanted to make sure that compensation is not the first and only thing considered when deciding whether or not to enter into a solar lease. While it certainly is important, some of the issues discussed above must be just as carefully understood.The solar leases that we have seen involve cash rent that increases over time based upon a fixed escalator. The escalator is a percent increase. If the escalator increases at a rate greater than inflation, then the farmland owner will receive more bang for his or her land. However, if the escalator increases at a rate lower than long-term inflation, then the solar energy developer will have to pay less over time.Another point of compensation to consider is how damages will be calculated for harm to property and crops. When the solar energy developer decides it is time to start construction, its option and easements grant it the right to begin construction even if there is a crop already in the ground. This makes it in a farmland owner’s best interest to have this issue addressed up front. These damages will often be calculated my multiplying the number of acres by the average county yield for that crop by that crop’s commodity future price with the Chicago Board of Trade for a given date. This provides an objective calculation for damages. Verbal promisesA note of caution: if the solar energy developer makes you a verbal promise, ask for that promise to be included in the written lease. If there is a conflict between what a representative of the solar energy developer tells you and what is written in the lease, the terms in the written lease are likely to prevail.The activity we are seeing across Ohio right now with solar reminds us of the early stages of the recent wind and shale energy booms. Some of the biggest regrets that we hear about are from landowners who thought they were getting a better deal than they actually did. Reading through, understanding, and thinking about the lease is an essential part of calculating whether or not the lease being offered is actually a good deal for a farmland owner and his or her family. Don’t be afraid to reach out to your team of professionals in this process. Your attorney, tax professional, Extension educator, and others can be a great resource.last_img read more