Ann, that is an interesting point you raise. As costs come down, the payback period will shorten.
Actually, I was visiting a cousin who has a farm in central Illinois. As we were driving to lunch one day I noticed the one wind turbine in the area. On asking him about it, he said the problem was the payback period on them. I guess some people get paid rent to allow tuebines to be sited on their land (like farming rents) while others get involved in the financing of the turbines. Even for turnines to power the farm itself, he said that these are way too expensive to be worth it. These guys are very practical and hard headed. If it does not make sense they don't do it. They are also generally well educated, informed and tech savvy these days. They have to be.
On a related issue, I asked him about corn stalks for ethanol production. They were all still laying around his farm and all the others in the area. I guess the problem is that they have to bundled to be sold to the processors. As long as crop prices are so high because of international demand it will not be worth the extra time and effort for the farmer to do this.
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For industrial control applications, or even a simple assembly line, that machine can go almost 24/7 without a break. But what happens when the task is a little more complex? That’s where the “smart” machine would come in. The smart machine is one that has some simple (or complex in some cases) processing capability to be able to adapt to changing conditions. Such machines are suited for a host of applications, including automotive, aerospace, defense, medical, computers and electronics, telecommunications, consumer goods, and so on. This discussion will examine what’s possible with smart machines, and what tradeoffs need to be made to implement such a solution.