Abstract: A method for operating and maintaining a wind farm comprising a plurality of wind turbines includes determining an odometer for one or more components of at least one of the pluralities of wind turbines in the wind farm, the odometer representing operational usage of the component(s). The method also includes tracking the operational usage for the component(s) using the odometer and a usage threshold. Further, the method includes predicting an expected time frame for one or more preventative maintenance actions based on a comparison of the tracked operational usage and the usage threshold. Moreover, the method includes triggering scheduling of the one or more preventative maintenance actions when the prediction indicates that the tracked operational usage will exceed the usage threshold. In addition, the method includes shutting down the wind turbine or idling the wind turbine once the one or more preventative maintenance actions are scheduled.