To be "legal" with 5% voltage drop with 120V, 15 amp load at 700ft. The code book says #4 copper cable. So four conductors of #4 copper will provide the same power at the shed as a split receptacle in your kitchen. Two 15amp 120 circuits or one 240V 15amp circuit. Paul is correct that 12/2 at 700ft is rated for 2.5 amps. The solution would be to save a couple of 10kva single phase air cooled transformers. 120/240V to 480V or better yet a 120/240V to 600V. Step 240V up to 600V at the main service. Run 600V out to the shed. Step the shed 600V back down to 120/240V. 12/2 gauge 700ft feed with 600V out to the shed would operate four 120V 15amp receptacles or one 30amp 240V receptacle.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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