Peoples Perspective

Land Auction Results - June 2023

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The appraisal team at Peoples Company was able to track 93 tracts or over 8,700 acres sell at public auction in Iowa during June 2023. The average dollar per acre was $12,596, the average dollar per tillable acre was $14,293, and the average dollar per CSR2 was $177. This is up 7% from...

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Land Investment Monthly - July 2023

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Photo Credit: Scott Olson/Getty Images   Democrat, Republican Team Up to Limit Chinese Purchase of U.S. Farmland A bipartisan pair of senators hopes to limit China’s ability to purchase farmland in the U.S. and force the U.S. government to consider stripping some Chinese and...

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Acreage Reporting Deadline

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As the acreage reporting deadline approaches, filing this report timely and accurately is a crucial part of the crop insurance cycle. After planting is completed, the acreage report is used for crop insurance and indicates the crop(s) you have planted and should also include the acres that were...

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Weekly Auction Results 6/18/23-6/24/23

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June is closing out strong, with 19 tracts selling at public auction in Iowa, two in Illinois, 9 in Minnesota, 3 in Missouri and 2 in South Dakota. The high sale of the week went to an O’Brien County, Iowa 73.06-acre cropland farm, selling for $21,700 per acre or $238 per CSR2. Iowa...

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Property Valuation: Asking Price vs. Sale Price

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The valuation of agricultural properties relies heavily on the analysis of comparable transactional data. Prior transactions of similar properties are analyzed quantitatively and/or qualitatively to indicate the most probable price at which typical buyers and sellers would have a “meeting...

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Weekly Auction Results 6/11/23-6/17/23

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It was another active week in auctions, with Iowa selling 19 tracts that met our 35+ acre threshold, and additional auctions in Illinois, Minnesota, and Missouri. The high sale of the week went to a Clay County 80-acre cropland farm, selling for $21,200 per acre or $246 per CSR2.  Tract 2...

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What Networks Can Your Real Estate Agent Tap Into?

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Each type of agent will approach networking differently. Strategies vary based on their goals and their natural strengths. The crucial factor is to figure out which networking strategies work best for each REALTOR®. Here are some central approaches new agents can use to build their...

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Weekly Auction Results 6/4/23-6/10/23

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June 4 – 10, 2023 The week of June 4, 2023, had more tracts sell than any other week yet this year.  41 tracts sold in Iowa, which is a stark contrast to the single-digit tract sales the past few weeks. The high dollar-per-acre sale of the week went to a Marshall County 223.55-acre...

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1031 Exchange Timeline

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The first step to completing a successful 1031 exchange is understanding the timeline rules and connecting with a professional to help you navigate the process. Section 1031 exchanges have two critical timing rules that must be followed for a successful exchange. These are known as the 45-day...

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Conserving Habitat in the Working Landscape

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Peoples Company’s land management approach can be drilled down to one sentence: “Maximize yield on the most productive acres while protecting the environmentally sensitive acres.” Working with top producers driven by data, we diligently work to stretch for yields where the...

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