Farms across the US have been consolidating in the face of shrinking margins while experiencing increasing competition for land use. The co-location of solar power production and agriculture, known as agrivoltaic systems, may be an effective compromise, as it can both supplement farmers' incomes and stabilize revenues. A model is developed to stochastically generate weather variables and commodity prices to conduct an analysis comparing net revenues for a solar only plot, a farm only plot, and

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... n AVS plot. In the case studies considered (Oregon/North Carolina, alfalfa/soybeans/strawberries), co-location substantially increases farmers' annual net revenues (~250-5,500%). In the case of more financially variable crops (e.g., strawberries), co-location can reduce variability and improve 5th percentile net revenues by 49-55%. Compared to federal crop insurance, co-location provides larger revenue support but smaller risk management benefits. Regardless, co-location shows promise in benefiting farmers' net revenues while also contributing to a low carbon future.