Peoples Perspective

Land Auction Results - May 2023

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Though there were a few very slow weeks last month, May 2023 saw 39 tracts or 3,958 acres sell at public auction in Iowa. That auction volume is down only 3% from May 2022 and up 66% from April 2023's volume. Iowa Results Tracts Sold: 39 Acres Sold: 3,958 Average $/Acre: $10,905 Average...

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Land Investment Monthly - June 2023

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Photo Credit: Zach Boyden-Holmes/The Register   Farmland Values on Firm Ground: Double-Digit Value Trend Continues Midwest farmland values continued an upward trend, but slowed in the first quarter, according to a survey in the Seventh Federal Reserve District. “Despite...

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Weekly Auction Results 5/21/23-5/27/23

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Iowa saw an uptick in auction activity the week of May 21.  22 tracts sold, and we were able to calculate an average dollar per acre, dollar per tillable acre, and dollar per CSR2 point. The high sale of the week went to a Peoples Company auction in Greene County: It was an 80-acre...

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EIA Predicts Increased Electricity Consumption - Find Out What That Means for Oil, Natural Gas, Renewables and Coal

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Short-Term Energy Outlook Takeaways The latest Short-Term Energy Outlook was released by the Energy Information Administration (EIA) in early May. Several variables are mentioned in the report influencing the revised forecast. Among them, the OPEC+ April announcement to cut production through...

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DSTs: An Option for Replacing Debt in a Section 1031 Exchange

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To complete a successful Section 1031 Exchange, investors must comply with various requirements as mandated by the IRS. It is fairly well known that exchange investors must replace the equity proceeds from the sale of a property with a “like-kind” replacement property (or...

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Weekly Auction Results 5/14/23-5/20/23

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The past few weeks have remained slow regarding auction activity in Iowa.  The week of May 14 was a bit more active, with a total of eight tracts selling, though only four met our criteria of 35+ acres and 85%+ tillable to be able to calculate an average dollar-per-CSR2 trend.  Two...

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Weekly Auction Results: 5/7/23-5/13/23

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It was another week of slow auction activity in Iowa auctions.  There were four total auctions that meet our criteria, which means there were not enough results to calculate averages for dollar per acre, dollar per tillable and dollar per CSR2 point.

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Protecting Michigan’s Specialty Crop Industry: A Guide to Specialty Crop Insurance

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Michigan is the second most agriculturally diverse state in the United States, especially when talking about crops. Michigan is also a top producer of specialty crops. So, what are specialty crops? The lawful definition provided by the USDA is any “fruits and vegetables, tree nuts, dried...

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Weekly Auction Results: 4/30/23-5/6/23

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It was another slow week in Iowa auctions.  We saw only two tracts sell, with a total of only 271.42 acres.  If you recall, Peoples Company only calculates an average for dollar per acre, tillable acre and CSR2 point for weeks with five or more tracts selling.

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Pay Dirt: Conserve Money, Energy, and Improve Soil Health with No-Till Farming

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One question remains the same for the future of agriculture: How do we do more with less? Building conservation and sustainability practices into farming operations are a positive step in the right direction. In a recent publication, “Save Money on Fuel with No-Till Farming,” by the...

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