Every so often, we hear from some of our partner landowners about receiving phone calls or even strangers coming to their homes, offering to buy out their landowner lease agreement with MidAmerican. You may have even experienced this yourself and felt uncertain about who these third parties are and whether or not their offers were fair and genuine. 

 

MidAmerican is not affiliated with any organization or individual who makes these buyout offers, and thus we can’t be certain as to their credibility, nor to whether or not taking a buyout offer is the right financial decision for you. Check out these frequently asked questions that may help you if you’re considering accepting an offer to buy out your lease agreement.

 

How did these people get my information?
We don’t sell or give out your personal information to anyone. However, information on your property ownership and a memorandum of your easement agreement is available in your county’s public records, which are open to anyone.

 

We are not aware of any partner landowner who has taken a buyout offer. 

 

Since none of our partner landowners have accepted a buyout to our knowledge, we have not been through this process. The terms of the easement agreement would not change, therefore each party’s rights and obligations under that agreement would not change. MidAmerican would be issuing easement payments to a new party. What we are certain of is how much we value and appreciate the strong relationships we have formed with you – our partner landowners – some of whom we’ve worked with for 18 years now. 

 

When we commit to building a wind project, we partner with each landowner individually. We do that because it’s your land and your livelihood that are directly impacted by our operations, and we are conscious and respectful of that when we do any work on or near your property. Working directly with you benefits us both.

 

If you are seriously considering a buyout offer, we strongly recommend you consult a financial advisor, attorney and/or other trusted counsel before you make your decision. We can’t tell you whether accepting a buyout is the right decision for you. It’s your land and your right to decide what’s in your best interest. We don’t have a stake in your decision.

I’m going to accept a buyout offer. What do I need to do?
If you plan to accept a buyout, please contact us to let us know.