Peoples Perspective

High Heat and Crop Insurance – Claims Process

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Record-high temperatures continue this week across the Midwest and harvest is right around the corner for spring planted crops. This extreme heat has the potential to impact yields negatively in which a Notice of Loss needs to be filed. If you suspect damage has occurred and need to initiate a...

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Weekly Auction Results: 8/13/23-8/19/23

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Iowa saw 21 tracts with a total of 2,183 acres sell at public auction the week of August 13, 2023. The average dollar per CSR2 was $194, which is up 4% from the previous week, and up 8% from Q2’s average of $179. The $/CSR2 average for the year so far is $182, so Iowa’s average...

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Embracing the Future: Precision Farming in the Midwest and Corn Belt

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The Midwest and Corn Belt regions, steeped in agricultural tradition, are witnessing a transformation. Precision farming technologies are revolutionizing the way we cultivate our lands promising higher yields, improved efficiency, and enhanced sustainability. Let's explore how these...

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Weekly Auction Results: 8/6/23-8/12/23

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Iowa saw 22 tracts sell at public auction August 6-12, 2023, with 1,477 acres changing hands.  The average dollar per acre was $11,254 with an average $/CSR2 of $186 which is up 4% from the Q2 average. Iowa Results Tracts Sold: 22 Average $/Acre: $11,254 Average $/Tillable:...

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Farmland Ownership and Tenure Survey 1982-2022: A Forty-Year Perspective

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The recent Farmland Ownership and Tenure Survey 1982-2022: A Forty-Year Perspective survey was conducted by the Center for Agricultural and Rural Development (CARD) at Iowa State University. This study is conducted every five years on a state level and evaluates farmland ownership, tenancy, and...

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Introductions and Land Markets

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Greetings from Peoples Company Missouri and my first-ever blog article. My name is Boyd Harris, and I am the team leader and Senior Appraiser for Peoples Company in Missouri. One of my business groups, AgriLand Appraisal Group, became part of Peoples Company in March 2023. We are excited to be...

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The Art of Auctioning Agricultural Real Estate

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Auctioning agricultural real estate is a complex process that requires a deep understanding of the market, the property, and potential buyers. The auctioneer must be able to create excitement and competition among the bidders, while also ensuring that the property is sold for a fair...

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Weekly Auction Results: 7/30/23-8/5/23

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Iowa saw 19 tracts sell at public auction 7/31-8/5, 2023, with 1,927 acres changing hands. The average dollar per acre was $16,088 with an average $/CSR2 of $197 which is up 10% from the Q2 average. Iowa Results Tracts Sold: 19 Average $/Acre: $16,088 Average $/Tillable: $16,873 Average...

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Land Auction Results - July 2023

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The appraisal team at Peoples Company was able to track 45 tracts or 4,948 acres sell at public auction in Iowa during July 2023. The average dollar per acre was $12,535, the average dollar per tillable acre was $14,134, and the average dollar per CSR2 was $176. This is down 1% from June's...

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Land Investment Monthly - August 2023

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Photo Credit: Joshua A. Bickel, Associated Press   Lawmakers Seek to Limit Corporate and Foreign Ownership of U.S. Farmland U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker...

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